Sunoco Short Setup
As with all the other us energy stocks we have been following they're all in a corrective structure.
Like all the others Sunoco is currently in a corrective structure. One option is to sell off the bounce of the top of the triangle. Alternatively we will be waiting for a break of the lower trend line. Once it breaks we will be watching on a lower time frame for a failed retest or consolidation and then take the sell.
Like all the others Sunoco is currently in a corrective structure. One option is to sell off the bounce of the top of the triangle. Alternatively we will be waiting for a break of the lower trend line. Once it breaks we will be watching on a lower time frame for a failed retest or consolidation and then take the sell.
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