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wildhood

BRZU Long (Cypher & Descending wedge w/ possible divergence)

Long
Direxion Daily Brazil Bull 2X Shares (AMEX:BRZU)  
wildhood Updated   
AMEX:BRZU   Direxion Daily Brazil Bull 2X Shares
Harmonic Patterns Cypher Wedge
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harmonicpatterns cypherpattern wedgepattern
Descending wedge creating divergence (price vs. rsi) on the daily chart.
Cypher pattern setup.
Comment:
This is not a valid cypher pattern because the AB retracement goes below 0.618XA.
Comment:
"The B point retracement of the primary XA leg lies between 0.382 and 0.618, the C point should be a 1.272 to 1.414 projection of the primary XA leg and the D point should be a 0.786 retracement of XC."
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