SUGARUSD channel
Due to the price hitting the upper ceiling of the ascending channel channel, we expect a correction in the first stage and in the second stage, we expect to hit the lower ceiling of the channel.
Our target area for correction of the price range is 0.17845 because:
1 is located at the intersection of 0.50 and our resistance area
2 is an important area of resistance to which prices have reacted many times
3 is a rand number
4 is also in the 0.5 level of our ab = cd pattern
Thank you dear ones for reading our analysis. Please leave us your opinion
Our target area for correction of the price range is 0.17845 because:
1 is located at the intersection of 0.50 and our resistance area
2 is an important area of resistance to which prices have reacted many times
3 is a rand number
4 is also in the 0.5 level of our ab = cd pattern
Thank you dear ones for reading our analysis. Please leave us your opinion
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