SUSHI

After an impressive rise, sushi entered a corrective wave. Now, it seems the corrective wave ended at 0.786 Fibonacci retracement and price is oscillating in a consolidation box. Also notice the downtrend line. When these two break, the next uptrend impulse wave will start.

Note

So, SUSHI came down almost to lowest low. It seems SUSHI buy volume started to rise again and this might indicate that upward movement has started. First, we have to wait for the price to reach, or even better breach, the blue downtrend line. Let's see what happens.

Note

SUSHI broke the minor downtrend line.

Note

So, SUSHI broke all the downtrend lines, went up, but lacked momentum. As a result, correction started and SUSHI came down to rest on the minor horizontal area to gain momentum. Let's see what happens.

Note

So, SUSHI is still in correction and it seems a descending triangle. Let's see when SUSHI breaks it.

Note

So, SUSHI finally broke the descending triangle and it seems the correction is over. Also, note that SUSHI touched the lowest low area for the third time; a promising signal for an upward movement start. Let's see what happens.

Trade active

So, SUSHI is going up toward the minor resistance line. Let's see what happens.

Note

So, SUSHI couldn't pass through the resistance line, and that makes this line an important one; a major resistance line. Then, SUSHI revisited the bottom and is currently bouncing from it. Let's see what happens.

SaeedSalehinia

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SaeedSalehinia