Bearish Cypher Pattern , in Elliott Wave Analysis is
Irregular Flat Correction or Running Flat Correction
Rules
The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg;
The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA leg;
Point D should be a precise 0.786 retracement of the line between X and C (XC). The D point is the end of the pattern.
Irregular Flat Correction or Running Flat Correction
Rules
The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg;
The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA leg;
Point D should be a precise 0.786 retracement of the line between X and C (XC). The D point is the end of the pattern.