CFD Zucchero
Long
Aggiornato

Sugar: Triangle Pattern Suggests An Immediate Upmove...

53
... then a downmove to new lows. Comments on the chart.
Nota
The upmovve today more or less confirms the idea. Now I am looking for more upside but the big money according to my idea is the ensuing downside move. This, because we are in wave (e) of a triangle can start from anywhere from here.
Nota
plan is playing out as expected. I am now on the lookout for a reversal that would carry price to new lows. A break out of the triangle structure to the upside would negate the idea
Nota
With last Friday's move the expected wave (e) might be done. If it is then all we have to look forward to is lower prices from here to new lows
Nota
price moved up today but the idea is still in play for a move to new lows. As long as .1450 is not broken on this chart I am still looking lower

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.