Just some real fun from my one live. Pppppeace! §8-)
Wyckoff accumulation appears to have finished. Coiling up just above resistance and would put it late in phase D. Phase E should begin soon! Also, there's bullish divergence on the monthly chart (not shown) too. Buy and hold this one for a while guys :)
A few thoughts on Sugar and what may lie ahead. Potential short in retracement area.
Sugar Buy Idea @ Daily Demand Zone (11.17 - 10.46) Buy Limit: 11.19 Stop Loss: 10.43 Take Profit: 12.91 Risk Management = 0.01/$100 Recommended Leverage not to exceed 1:50 Recommended Risk Ratio 1:1.5 – 1:3 Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level Close partially the contract once it reaches 80% of the profit
Negative momo divergence in sight $SB_F, $CANE
sugar front month is on a tear and looks like an abcd pattern but also looks like the bottom of the downtrend. i woujld long this for as long as i can
After a huge sell-off it is time for the sugar to shine. We have a big 1 week candle and huge 1 month candle so far. But as it grew so fast and furious it needs to calm down a bit. I am proposing a trade based on RSI and closing top of the channel and 13$ . In the upcoming week we will move in the area of 12-13 $. Short: 12.7 - 13 area (I have opened a short,...
Sugar 2 days ago hit bottom. This was a good opportunity to take it long. Entry: $10.07 (23/08) Exit: $10.31(24/08) Return: 2.3%