Kumowizard

Sugar - Swing buy idea 2.0 at wedge and channel bottom

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ICEUSA:SBK2015   None
0
My last buy idea was not succesful, as there was no follow through later. price dipped more. Will it be different this time?

Weekly:
- No change in major setup, long term bearish
- Price reached the bottom of a longer term decreasing wedge.
- haDelta may cross above SMA3 (check it tomorrow after close, when the week is over)

In case a pull back starts, Price can climb back to Tenkan Sen (ard 14,50-14,70)

Daily:
- price touched twice the bearish trend channel on the lower side
- haDelta gave first possible reversal indication yesterday. Today the HA candle is a clear doji and haDelta is further up.
- 13,40-13,50 should be broken for a more powerful correction

Hopefully next week will be more bullish.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.