SUNE Outlook: Bullish Cypher to Bearish Gartley

29 thg 12, 2015

SUNE is nearing the completion of a bearish cypher pattern after breaking the bullish Wolfe wave confirmation line and retesting. This presents an opportunity to place a long position. The next pattern to look for if this is filled and completed is the bearish Gartley pattern. Depending on price action, I may be taking both of these trades. I will update the idea accordingly.

Cypher PRZ Confluence:

• Bullish Wolfe Wave on larger TF
  
• .786XA
  
• 1.272BC Projection
  
• 2.5AB=CD
  
• MA200 Support
  

Gartley PRZ Confluence:

• .786XA
  
• AB=CD
  
• 1.272BC Projection
  

8 thg 1, 2016

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Patterns Invalidated