Sugar - "Stuck in the middle with you"

ICEUSA:SBH2016   Sugar #11
70 1 0
After a long long downtrend in a clear channel, Sugar             made an inverted wok-like pattern. It has retraced to a level that was present in the SSB             of autumn 2015. This important level has been tested during the 3 last days and consolidation may continue during a few days before we see the price moving a bit.

If it manages to stay above the support, it could head to the Tenkan/Kijun couple, with the cloud in sight. Otherwise, the price could dive to the Kijun level of mid-September 2015. Note that price closed today at the Kijun level of October 2015 again, giving some weight to the importance of this consolidation.

An escape in either side could open opportunities for trades with a probable strong momentum.
One of the MAJOR Rules of Trading is to KNOW who Winning the BATTLE! How many RED Bars,how many GREEN Bars Tells the whole Story. "The TREND is OUR Friend" Good Trader don't make Money GUESSING (?) ,Know WHY You're in a Market and Stick to Your Indicators and Your Trading Rules. Remember K.I.S.S. Mindset. Profitable Trading... "Money Game"
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out