Hello everyone:
I am looking at SUGAR for some long term buy opportunities.
When we zoom out and look at the higher time frame, we see a sharp move up from a double bottoms.
Price then begin to form a correctional structure, and looking for continuation once structure is complete.
I will wait for price to move down once more to the bottom of this continuation structure, and look for buy opportunity to the upside.
Thank you
I am looking at SUGAR for some long term buy opportunities.
When we zoom out and look at the higher time frame, we see a sharp move up from a double bottoms.
Price then begin to form a correctional structure, and looking for continuation once structure is complete.
I will wait for price to move down once more to the bottom of this continuation structure, and look for buy opportunity to the upside.
Thank you
Note
higher time frame:Note
Look for this correction to complete on the lower time frame.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.