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 .


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out