Kumowizard
Long

Sugar - Daily Heiken Ashi signals a swing up

ICEUSA:SB1!   Sugar #11
118 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.
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.
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I like your study and I think the reersal is close but also we are will see 13.5 next week
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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.
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I'm trying to sell it!
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