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Sugar Wave Analysis – 17 September , 2018

September 17, 2018 at 09:01AM

• Sugar reversed from resistance zone • Further losses are likely Sugar recently reversed down from the combined resistance zone lying between the key resistance level 11.70, upper daily Bollinger Band, resistance trendline of the daily down channel from March and the 61.8% Fibonacci correction of the previous downward impulse 1 from May. If the price closes today near the current levels – it will form the strong daily Japanese candlesticks reversal pattern Evening Star. Sugar is expected to fall further and retest the next support 10.50 (former resistance from the end of August). Continue Reading…

Author: Wave Tech Analysis https://blog.fxpro.co.uk/market-snapshots/17092018-sugar-wave-analysis-17-september-2018/
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