Adding to Our Analysis : Cypher Pattern

In the beginning of the week we had the break of the trend line and predicted the market to go lower, If you did not get a change to go short with that analysis we can keep on adding to it, of course some of the previous analysis is no longer valid. like the RSI being os but, we do still want to go short and we can do so by using the Cypher pattern. Targets and stops will be taken from the rules of the pattern, so this is not a trade that we are looking to hold beyond the rules of the Cypher. If you were looking to go short before and missed it, this can be an opportunity for you

Good luck

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