Sugar has just broken out of a falling wedge pattern which could also be bullish flag. Nothing too complex, but I marked out where any divergences have played out coupled with the RSI > 65 signalling intermediate tops. I think sugar has anywhere from 5 to 10 percent to go up before marking another intermediate top. For this trade, use the CANE ETF. I would...
Hey traders, this is the update for the Sugar trade that I am still currently in. Looks like price has come back up to the green trend line before reversing. Looking left we see that price reached this exact area before, creating a potential double top pattern. If you did not enter before, now would be a great time with a risk to reward of 3. If price can...
Sugar came up to test the upper green trendline before price reversed. Price then retraced to the 61.8 Fib Level before moving back down. It looks like the bears are in control for now, and Sugar should continue to push lower as October comes to an end. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter:...
Sugar is trying to hold onto the trend channel. We are currently in a very volatile process. You can wait for this week's closing. (Friday) Since I deem it appropriate for risk / reward ratio, I suggested a position like this: Stoploss: 0.11403 Target : 0.12764
Historical data + wishfull thinking :) And its October now,- so Sugar Rally is on!
Sugar weekly candle just closed above the 20 ma and the 21 ema. Looking left when that occurred in the past we had at least one additional full body weekly candle close above those moving averages before trend reversal OR start of a further uptrend , especially in those cases that 21 ema crossed over the 20 ma to the upside. Linking this idea with my...
Sugar has been trading within a 1M Channel Down for almost 1 full year (RSI = 40.519, MACD = -0.770, Highs/Lows = -0.1543). It is close to pricing a Lower Low, turning the current levels into a buy opportunity. Our Target Zone is 11.65 - 11.90. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and...
When will Sugar bounce off of this channel, and if soo, to the upside or downside? Personally, I am still holding a short position from 0.1135. Let's see when it will bounce back.. :)
Beautiful structure as sugar price gonna complete the large correction to tag the multi-decade low of 0.0526 Wave C is 5 waves and it is in the second leg of wave 4 up before the last drop.
because how often do you believe people on the internet
Hello Traders, SUGAR/USD 0.12052 VS 0.12668. Looking for Yellow: a Break and continuation / corrective / Consolidation Pattern at 0.12546 / 0.12668 To Continue the upside movent towards 0.13120 / 0.3372. Or Blue: Possible Completion Consolidation /Continuation / Corrective Pattern 0.12546 to Retest / Break previous Lows once more 0.12052 / 0.12080 towards...
The price is lateralizing in this channel composed by the static support at $ 11.50 and the resistance identified by 78.6% of Fibonacci set at $ 13.15. This raw material, in the very short term, seems intent on retesting the high area of the channel just mentioned. On the weekly time frame it closed the week above the dynamic resistance identified by the EMA20...
Sugar looks to be in an uptrend with Oil falling further, If you feel confident in sugar pushing higher, look for entry on the trendline for a nice R/W ratio
SUGARus , long term perspective on the UP Trend : third Eye
Sugar formed a possible double bottom indicating a trend reversal, fib based TP @ 50% Would match a negative correlation with oil sometimes seen with sugar