SUGARUSD : Swing, 100% Price ActionSUGAR : Follow the downtrend.
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SUGAR
SUGAR USD BUY (SUGAR - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Double Top on SugarWait for comfirm pattern (support 11,5 USD). Trend line was broken. Target 11 USD. Also MACD looks bearish.
SUGAR ($SUGARUSD) 🍬| Do we See a Sugar High or Cavities?🍦 The future of sugar futures looks sweet. Sugar futures have been trending well recently, with levels being constantly respected, so the chart is attractive from that perspective. It is especially attractive for the bulls given the current recovery on the back of the COVID correction.
With that in mind, despite the bullish price action, this hot sugar chart looks like it could cool off here and crystalize for a bit.
Below we map out a potential pathway for both the bulls and bears to find out if this sweet tooth leads to a sugar high or cavities.
Support:
If we break below the current range it isn't a great look for the current bull trend, but that doesn't mean the bulls are out of options. The S1 bullish S/R flip should act as a temporary support.
If the bulls can then bust through the current consolidation range they are in good standing, however the more likely bearish breakdown path leads to S2, which really does away with the bullish structure.
Resistance:
If the bulls can push us above the R1 and the current range then we likely continue on the sugar high. On that path the R2 S/R flip is our first real point of resistance, a reaction here likely has us testing R1 as support. If that all goes well we likely get a bullish continuation to at least the R3 order block.
Above R3 are the R4 orderblock and S/R flip cluster and finally R5 orderblock at the top.
Summary:
It currently looks like we are headed for a correction, but the bulls still have a real chance to sustain the trend here. The big danger for sugar bulls is letting a breakdown from the current range turn into a trip down to S2.
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SELL SUGAR - SUGARUSD : SHORT Clear drop in the price and te break of the trendline - the price if below VWAP and we got volume on the short side
Sugar could retest broken support before another dropThe pullback could emerge as a double three WXY as wave W already nears completion.
Another drop then could follow in large wave C down.
Uptrend in sugar confirmed - buy opportunityIn my last post I indicated a great buy opportunity on sugar at 0.100. Now one week later, sugar is trading roughly 7.5 percent higher at 0.1075. We can see it forms a nice uptrend since the strong rebound at 0.900 price level, forming a support line with the support at 0.100.
We are dealing now with the previous local high of 0.108 early May, and we will battle with the 50 Daily EMA. However, the strong rebound, with the uptrend, breaking the downwards trend of the last months, makes me believe we will breach this level, catching attention of a lot of people.
Breakout will lead to stronger momentum and new high’s.
It’s still a good opportunity to get in now. Time it well and choose your own SL/TP levels.
Long opportunity Sugar after <10 levels are clearly rejectedSugar.
It was in a clear downtrend from mid February. It tested the psychological level of 10.00 mid-april, broke through, found impulse-bounce support on 9.00, to go straight back to 10.00.
After 10.00, it broke out, and slowly retraced back to 10.
Since the impulse from 9.00 to above 10.50 went quick, and the retracement back to 10.00 slow, we can see assume a new impulse back up is likely.
Also, it seems we have broken the negative downtrend.
Since we are at the support of 10.00, broke the down trend and had slow retracement to 10.00 levels, now seems a good buy opportunity.
CFDs on SUGAR (SUGARUSD)Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
SUGARUSDso what we see here now is a clear breakout from the last structure on the left and now looks to be forming a nice correction or the counter trend and i've marked the zone to buy from and this lines up with the support levels and 50% pull back everything lines up every well this is in my trading plan to take if anything changes then accept and change with it
SUGAR/USD, An Optimistic Long View.Still waiting on some bullish power after price retested and rejected the broken zone. Some crazy profits can be made if this setup plays out. Thoughts?
SB1! Futures Chart- Sugar id front of a great resistance which fights to break it. for the moment it is in a bearish phase if it doesnt break the level of (11) with power
- For the moment there is a very high probability that the market will return to test the level of (9.60) . which is going to be an important
support.
- And if ever it breack it there is an 80% probability that the market will move to (8.36)
SUGAR for the longer term buys ? this is looking very good for the longer term buys with sugar now theres a lot of room with this to take so be patience and scale in when you can and hold for the longer term buys again if price action changes then change with it don't go against it
SUGAR breaking out or not?We have to wait a bit before market shows direction, right now sugar broke out of bearish channel
and went all the way up to support of last time,
either we move further up ( in that case you can open a long )
if it drops we will see a retreat to the marked level.
my advice is wait 6-10 hours when market is open before you open the position.
When short TP is 0.1
When long TP is 0.113
SUGAR Long OpportunityI'm actively monitoring Sugar for a long opportunity if price breaks as shown.
Will update if I get in :)
SUGAR US Time to start shorting Sugar, or just an ascending triangle that price consolidates in before it breaks up to higher prices?
RSI gives signals of exhaustion for the bulls and four signs of bearish divergence, obviously we have been up trending for a while now and is only reasonable for RSI to fall from overbought to neutral levels, the four last peaks on price though do not carry much buy volume failing to break higher.Same time line of demand points upwards creating an ascending triangle which means there are still buyers keen to buy on higher levels and that is a bullish sign .
Watching the way we break out of this ascending triangle will be the answer to this, Taking a small short position here and see how this trend will play out .
SUGARUSD - betting on longI'm not trading these assets frequently, but are nice from technical perspective.
I expect it to break above current resistance and go to 0.15 area before it will cool down. Daily MACD is not looking promising, but RSI is warming up. From weekly perspective, MACD is OK and RSI is running flat in the overbought area. Nevertheless, weekly close above 0.134 would signal to enter on any pullback on smaller timeframes and aim for 0.15-ish.
There is a hidden divergence on 4h chart, if someone is in scalping mode :)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Sugar Futures (SB1!) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
SUGARUSD LongSugar has just broken out of a falling wedge pattern which could also be bullish flag. Nothing too complex, but I marked out where any divergences have played out coupled with the RSI > 65 signalling intermediate tops. I think sugar has anywhere from 5 to 10 percent to go up before marking another intermediate top.
For this trade, use the CANE ETF. I would suggest a stop below today's open and to just let this trade run.
