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Sugar - Swing buy idea 2.0 at wedge and channel bottom

Sugar - Swing buy idea 2.0 at wedge and channel bottom

Sugar #11 ICEUSA:SBK2015

My last buy idea was not succesful, as there was no follow through later. price dipped more. Will it be different this time? Weekly: - No change in major setup, long term bearish - Price reached the bottom of a longer term decreasing wedge. - haDelta may cross above SMA3 (check it tomorrow after close, when the week is over) In case a pull back starts, Price can climb back to Tenkan Sen (ard 14,50-14,70) Daily: - price touched twice the bearish trend channel on the lower side - haDelta gave first possible reversal indication yesterday. Today the HA candle is a clear doji and haDelta is further up. - 13,40-13,50 should be broken for a more powerful correction Hopefully next week will be more bullish.