Sugar near a topBased on price action, sentiment and several indicators, a good SHORT opportunity is building here.
Sugar is in its 5th wave. ABC correction afterwards.
NFA.
NY SugarWhen the price started to stand in the orange square I was thinking of going long...but there is an important weekly resistance area ahead...the price on the daily time frame was able to change the bearish trend to the bullish trend...now the weekly resistance is ahead The price has continued to gr
Its time for a sugar rushSugar is respecting an important area, and after holding the support area of 19's I expect a travel to the 24 level. First stop at TP 1 21, TP 2 22 and TP3 24.
High risk-reward option for this trade.
Good luck
2 Scenario fot Sugar Dailydo now it came to retest the resistance and for me two scenario is waiting us
Sugar Bearish Trend The asset is in a downtrend, the weekly, daily, and 4-hour trends are in sync. I am waiting for the creation of a higher low to open a position.
Sugar | Buy the dipHello friend!
in my opinion there is a high probability that sugar will bounce up from this zone. chart is a little messy i know.
Good luck & DYOR!
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
Sweet Opportunity in Sugar!Sugar is sitting at a major support now and there is a high probability for price to rise from this level.
Happy Trading!
Sugar - Short tradeSugar due for a bearish reversion to the mean. Disciplined use of a stop loss above previous pivot high as it represents a long term high price which, if broken, could see a strong bullish breakout.
Sugar is bullishSugar is in an ascending trend , i think sugar will retest the support line at 25 then when it breaks all time high , it will go to 31
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