SUGAR - UniverseMetta - Signal#SUGAR - UniverseMetta - Signal
W1 - Potential start of the 5th wave in the continuation of the uptrend.
H4 - You can consider entering from these levels or wait for fixation beyond the trend line. A more confident entry point is formed at the formation of the 3rd wave. Stop behind the minimum of the 1st wave.
Entry: 2206.7 - *2246.5
TP: 2290.8 - 2378.3 - 2520.6 - 2609.5
Stop: 2143.4
Sugarusdlong
Forecast SUGAR#FOOD #SUGAR
Cheap sugar is only in our dreams.
At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards.
The first target will be the resistance level ~24.
Its breakdown will send futures with a high degree of probability to cross the global level at 39, which is approximately x2 from current prices.
This is possible if the world system plunges into hyperinflation, the signal for which is already given by the actions of central banks (yesterday's post on the Bank of England).
Under such a scenario, it would be wise to buy food and essentials at current prices.
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.
SUGAR FUTURES (SB1!) DailyDates 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.
This is not trading advice. Trade at your own risk.