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.. :)
Personally, I am still holding a short position from 0.1135.
Let's see when it will bounce back.. :)
Note
Price has shown strength and it has broken the channel with a successful retest. I am predicting a short term move to the upside, and then we will see from there if it is able to break the major resistance (in red) or if it is a retest of that resistance for a bigger move to the downside again long term? here is the updated chart:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.