Kumowizard

Sugar - Daily Heiken Ashi signals a swing up

Long
ICEUSA:SB1!   None
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.

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