My first thought is that we had a completed w1 and possibly still could have. The second scenario is still bullish but in a w4 that possibly completed today after hitting the .382 retrace this morning.
Either way I believe we are setting up for the next run higher
Second scenario
Sugar has staged a nice rally to the w 3 target of 1848 and now we have been putting in a wave 4 that hit the trgt this morning of 17.57. Now if we get a full wave 5 we should reach somewhere in the vicinity of 19.17 .
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