Kumowizard
Long

Sugar - Daily Heiken Ashi signals a swing up

ICEUSA:SB1!   Sugar #11
117 4 1
Weekly:
No new comment since my last post.

Daily:
- 14,30-14,40 held well this week, price couldn't really break lower.
- Green Heiken Ashi candle with haDelta more above SMA3 and both lines trying to cross back above zero level.
Oscillator is still bearish .

We may see a swing up again from here within the tightenning triangle. Price will likely retest Kijun and Kumo. For a real bullish breakout and reversal it should clear 16,00. I think for the first attempt it may fail, but its not impossible that later, within a few weeks we see a trend reversal.
LEONES PRO
2 years ago
I'm trying to sell it!
Reply
LEONES PRO
2 years ago
I like your study and I think the reersal is close but also we are will see 13.5 next week
Reply
Kumowizard PRO LEONES
2 years ago
Well, anything is possible. Sugar is in fact trading in this tightenning triangle, in a range. It may drop, but currently Heiken Ashi signals rather some more possible bullish move. Then we'll see what happens at the range top, at the main trendline.
Reply
haDelta further up above SMA3 today. SMA3 crosses back above zero line. Daily HA candle is green again with no lower wick. More upside expected.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out