On 8th Oct I posted a trade plan where on 2 hour based chart the Dock token was completing bullish Shark pattern then finally as per prediction the priceline entered in buying zone and hit the sell targets.
Before execution:
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After execution
Formation of new harmonic Cypher pattern:
Now this time on 12 hour chart the price action of Dock token has formed bullish harmonic Cypher pattern and buying zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: $0.004333 to $0.004016
Sell between: $0.004583 to $0.005187
Stop Loss:
The potential reversal zone area which is up to $0.004016 can be used as stop loss in case of complete candle sticks closes below this level.
Possible profit and loss ratio:
As per above targets this short term trade has the profit possibility of 29% and as per above mentioned stop loss, the loss possibility is 7%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
