Sugar is forming a bullish candle here off strong support. A couple of potential targets are at 18.43 and 19.26.
Comments
motleifaul
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And as I draw the lines a bit different, I found out that it seems that there might even be a target at 22.15(after a stopp at your ascending blue line perhaps).
LEONES
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Motleifaul, an you paste here you Gann so we can compare
motleifaul
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I am a lazy man and so I use charts created by other people as a matrix for my own ideas. And that's why I hesitate to publish such charts. In this case it is littleriver's chart. I will paste it in here with littleriver's allowance only.
littleriver
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Fine with me motleifaul. I like looking at other peoples charts. :-)
motleifaul
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Here you are. So don't be upset to find part of your own lines in the chart.
We still haven't convincingly left the downward channel, but it seems likely now. Target would be around 22 - 22.50 for me.
littleriver
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I do not mind. I like the channel clone you have added. Why didn't I think of that? :-) A nice add! Thank you for sharing.
motleifaul
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I appreciate you Gann fanns. I draw them a bit different, but I like yours to compare and to get confirmed of the own idea. Thanks!
littleriver
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Your welcome. Glad you like. I am still learning myself. Please feel free to share your charts on the subject, perhaps we both could learn something.
littleriver
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Big candle today light on volume. See if sugar can form some kind of bottom.