SUNE. Current price $19:69, Chart shows a recent Liquidity spike into a supply zone (See 20th March) and closes under previous swing highs (fake-out). Looking for price to continue short to area of $15:40.
Stop: $22:00
Entry $19:00 (approx)
Target $15:30
Risk to Reward: Only 1:/ 1.2
Current ATR: approx $1.10
Simple technical only analysis of SGY: Stone Energy Corp. (Educational purposes only)
Looking for a rejection signal bar at supply zone marked as rectangle and market structural trend change on lower time-frame.
Area of interest above $48.00
Stop-loss $50.15
Target $38.00 High area of...
