Date: May 2015: NQ_Futs_4Hour_CypherPattern_May182015.jpg
NQ_Futs_4Hour_CypherPattern_May182015.jpg
Bearish set-up fired this afternoon on the /nq.
We have a fibonacci bear cypher pattern on the 4-hour that completed. Per the finders of the pattern, it is profitable approx. 70% of the time.
Stop goes ten ticks above the high of pattern (aka 4558), with targets at the 38.2 and 61.8% retracement of the low to completion.
Notice how both targets line up nicely with prior structure.
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