Rare Bullish Harmonic Pattern Ethereum’s Chart

One of the most unique but most powerful harmonic patterns appeared on Ethereum’s chart during the early New York session.

Harmonic patterns can provide powerful reversal zones when used in conjunction with other forms of analysis.

The Bullish Cypher

Bullish Cypher Pattern.Although all harmonic patterns are derived from the original work of H.M. Gartley, not all of the patterns are from Mr. Gartley’s work. In fact, Mr. Gartley never labeled the patterns. What he did do was create a foundation upon which others have continued his work. Perhaps the best known and most accomplished researcher and expert in Harmonic Patterns is Scott M. Carney. He is credited with discovering a great many harmonic patterns that are used today (Bat, Alternate Bat, Shark). The Cypher pattern was found by Darren Oglesbee and is one of the rarer harmonic patterns. It is similar to a Butterfly but…