after ending extended W3, now it`s going to counter trend wave I think we must wait for a complex adjustment wave
As the uptrend support line breached, the price of Sugar should going downward. Target to achieve is 0.1666 @ 61.8*% fibo.
bullish pattern
Hi all, Waiting for the MACD cross before I enter the long trade.
Comments on the chart. If this idea proves correct and a 5 wave down move happens then we should have a 3 wave retracement which should lead to a much bigger downmove.
trend line could support sugar falling price?
Bullish Hidden Divergence in sugar chart. 3 different indicator for confirmation
We have a triangle pattern in development on 4hr timeframe. There are two scenarios possible. Please have a look on chart for details. Good luck |
Details on the chart
if Sugar price decided to rise up, it had to break up 23$ else we can name this wave as X wave
