Sugar Wave Analysis – 24 September, 2019
September 24, 2019 @ 16:36 +03:00
- Sugar broke resistance area
- Likely to rise to 11.65
Sugar recently broke through the resistance area lying between the resistance level 11.250 (former strong support from August), resistance trendline of the daily down channel from June and the 61.8% Fibonacci correction of the pervious impulse wave (i).
The breakout of this resistance area accelerated the active short-term impulse wave (c).