ilmscore | Prediction Details
"here on the dollar Swiss on the 4-Hour chart we have ran into a resistance level that we've tested multiple times here so what that means is that this resistance level is likely to push the market down and we already have pushed the market down quite a bit from this level and we've started to actually break some of these structure support levels like this one indicated in my red line here so if I drop down a time frame and make this a little easier to see you can see that we started to break support after running into that 4H hour major level of structure and now after breaking a couple of different support levels we've put in an extension of 127 after an impulsive move down and I'll just go ahead and delete the pattern first as you can all tell this is going to be a cipher pattern but if I just delete these drawings here bring on my Fibonacci retracement after showing you the impulsive move I'm talking about we have an impulse PL here followed by we go from X down to a a 382 retracement which puts me on Cipher pattern alert now we just need our 127 extension to come in from X to a again back up 127 extension and now we can draw in our Cipher pattern that as you you can see ends right here at this 786 retracement"
By The Trading Channel (The Trading Channel) | December 15, 2016 | Pending
From video
Advanced Pattern Watchlist ( Episode 1 ) 00:06:06 - 00:07:33
Interpreted Prediction
A cipher pattern is forming on the USD/CHF 4-hour chart, indicating a potential downward movement. The pattern completion is expected at the 786 retracement level, which aligns with a previous support structure.

Prediction Details

Ticker
USDCHF=X

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