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glennmercer
Dec 29, 2015 4:02 PM

SUNE Outlook: Bullish Cypher to Bearish Gartley 

Description

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

Order cancelled

Patterns Invalidated
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