Sugar: Topping against a monthly mode

ICEUSA:SB1!   Sugar #11
Sugar             is at a very interesting spot for a short trade. Although this is an aggressive entry, the potential reward makes the trade be worth a try. We have a clear sentiment extreme, and rgmov alerts of hidden selling, plotting lower lows when the market is going for a sharp climactic ascent. We also have divergence in CCI , so you could consider shorts if the next day turns down. Either sell under the last daily close, or short any new daily low. Stops should be over 17.62 as a bare minimum.

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Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Comment: We have a rebound, inside day so far...let's see how it goes.
Trade closed manually
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