Thursday, May 21, 2015

orange juice.... 1 more leg down to touch new lows and then spring back?

Sept orange juice " contracting ending diagonal. "
Orange juice looks to be putting a text book contracting ending diagonal with wave 1, wave 2 wave 3 complete and working on the 4th wave with a 5th and final wave down to come that should go no lower than 10684 on the final push down. after complete we should see a immediate upward thrust back toward 12840 and possibly higher. an invalidation would only occur if prices break above the 12190 level and below the 10684 price. A break above 12190 would change the count to a wave 1 wave 2 with the 3rd wave to come.

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