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Sugar - Daily Heiken Ashi signals a swing up

Sugar - Daily Heiken Ashi signals a swing up

Sugar #11 ICEUSA:SB1!

Weekly: No new comment since my last post. Daily: - 14,30-14,40 held well this week, price couldn't really break lower. - Green Heiken Ashi candle with haDelta more above SMA3 and both lines trying to cross back above zero level. Oscillator is still bearish. We may see a swing up again from here within the tightenning triangle. Price will likely retest Kijun and Kumo. For a real bullish breakout and reversal it should clear 16,00. I think for the first attempt it may fail, but its not impossible that later, within a few weeks we see a trend reversal.