Sugar - not so sweetSugar is consolidating within a wedge pattern, after recent rejection of the 200 MAV . Looking for a short target at confluence of
1. Supporting lower trendline.
2. Monthly S1 support
3. .618 fib of D leg of Advanced pattern.
Stop is aggressive just above 2 bar high.
Risk reward is 1.6.
Trade ideas
SELL SETUPPrice moves currently in correction of medium term downtrend.
Whole correction might develope in trinagle pattern and as for now quality of pattern in making is very good.
I expect breakout of the correction to downside and continueation of downtrend.
Looking at whole structure oc downtrend it will be last wave don on daily timeframe before reversal.
You can enter short after breakout of lower line of pattern.
Good luck






















