Likely to follow uptrend changed in MACD consolidation yet Break out Target 1 - 243.30 Target 2 - 267.80 SL -170.90
If a candlestick closes below 0.19318, then I will exit my long positions. A double top pattern formed on the chart which indicates a reversal.
SUGARUSD Entry at 0.19082. In the chart shown below, I used the symmetrical chart pattern to enter early. I entered before the planned breakout at price level 0.19318. The chart shown below is the current status.
SUGARUSD. As expected, SUGARUSD Market closed above price level 0.19318. First entry was on 11/04/2021. Next entry will be on a Pull Back.
SUGARUSD. Wait For A Close Above 0.19318. Wait For Price To Close Above 0.19318. After the close, watch for a price action signal.
SUGARUSD. Wait for price to close above or below channel support & resistance before entering.
I firmly believe raw sugar futures are set to continue their upward trend seen for months now. While they have consolidated for a time and recently dipped below temporary support, which could be mistaken for a trend breakout, I believe we are simply seeing a sell-off as a reaction to the futures having floated highly above the trendline for a long time. As pointed...
Good opportunity to buy sugar.On the picture I wrote why we should buy instrument above level 20.37$ .If you have some questions about this or another instruments you are always welcome to ask me.
Good opportunity for short position below 18.73 for sugar.
Q: What has the highest probability of occurring? There are bearish pattern failures followed by bullish pattern validations into an uptrend. There are 2 classic patterns 1 is validated the other has not validated. The cup & handle is in breakout and is approaching its target. The pattern projects $0.2175 per pound as the target. The bull flag is not...
price is at a crucial support point which includes the following. 50 EMA, .618 FIB RETRACEMENT, AND TRENDLINE SUPPORT. WAIT FOR THE PRICE FOR FURTHER decisions before taking position into the stock
SUGARUSD. Watch how Sugar responds to the trend line after the symmetrical triangle breakout. Entry at the intersection of trend line and EMA 10 EMA 20 with rejection candlestick wick. In the this technical chart there is a TREND, Diagonal LEVEL, and SIGNAL.
One to Watch as it breaks out and look out above. Trading the Break.
MSM - Changes direction from breaking the downtrend line. Pending Resistance to break at 1.41.
Lets take a look at Sugar Futures and related news. Read for educational content that can benefits us with profitable trades and in time reaction to any market trend direction changes.
The buying spree at 17/05 NY open didn't make the market move very much. Instead, it creates volatility in the Sugar market. Therefore, I believe the Bulls are just not there to defend the market and a breakout should occur soon. Trailing Stops should be used when the price hits 16.62.
April 15th I posted this chart saying "Sugar is SWEET" Since then it's up over 10%. if this is the major breakout I believe it is, hold on to your seats.
Long limit entry 16,2 SL 15,3 PT 18 BE 17,3 RRR 2:1 ICEUS:SB1!