Kumowizard
Long

Sugar - Swing buy idea 2.0 at wedge and channel bottom

ICEUSA:SBK2015   None
27 0 0
My last buy idea was not succesful, as there was no follow through later. price dipped more. Will it be different this time?

Weekly:
- No change in major setup, long term bearish
- Price reached the bottom of a longer term decreasing wedge .
- haDelta may cross above SMA3 (check it tomorrow after close, when the week is over)

In case a pull back starts, Price can climb back to Tenkan Sen ( ard             14,50-14,70)

Daily:
- price touched twice the bearish trend channel on the lower side
- haDelta gave first possible reversal indication yesterday. Today the HA candle is a clear doji and haDelta is further up.
- 13,40-13,50 should be broken for a more powerful correction

Hopefully next week will be more bullish .
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