Csys

SB1! daily TA

ICEUSA:SB1!   Sugar #11
34 0 0
The green support and the red resistance lines are respectively the weekly UMLH and the weekly SL. Together with the daily upsloping pitchfork , they do well describe the latest market action             . It is still not certain if or not the final rise in the ATR belongs to the final bullish days or to the bearish consolidation. I think the downchannel described by the weekly UMLH and the SL will hold for a while. Maybe until we reach the upsloping ML. If SL breakout occur before that, it may induce a long entry.
Comment: ML has been touched and it seems the bullish reaction has started. Time to go long. LONG!
Trade closed: target reached: UMLH touch. Just another happy trade.

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