Facebook 3rd wave coming to a close?

Facebook looks to have completed the 5th wave higher of the 3rd wave. On an overshoot of my 3rd wave last target of 67.80.  ( remember that 3rd waves are made up of 5 internal waves). I'm looking for the deep complex fourth wave correction to begin anytime now with a target of 46.51- 52.08 as seen on the chart below.

march wheat...... marching to my drum

march wheat : as written on 1/29/14 post wheat has corrected into what appears to be a deep wave 4 into the low $ 6 price range. I have taken half my position off from 561 per march and will be waiting for a final push down that may reach to 536 if wave 1 is equal in length to wave 5. 

- The only thing that would negate this final leg down would be a push and break above 720 and signal that this c leg of the expanded flat counts as complete.

Nasdaq… could we reverse any day now?

Nasdaq futures look like we could reverse anyday now as we approach the end of wave 5 and begin the decline in a deep wave 4. When the wave 4 starts we should expect a decline to at least the 3255-3354 level

Corn… are we finally getting the start of the wave 3?

Dec corn after doing nothing last week looks like we may be breaking out this morning into the 3rd wave. Currently holding onto longs… target comes in at 4.85 

Sugar: Wave 3 underway?

As you can see on the 90 min chart above wave 3 possibly has started. This should take place in a 5 wave sequence and a break above 1640 should be confirmation we are ready to move higher towards 17.70-18.00

A simple explanation about wave 3's

Wave 3's as seen above is a 5 wave impulsive pattern and the wave that most traders are looking to catch and ride as the distance is usually 1.618 multiplied by wave 1. And provides a good risk to reward trade. ( a little more rare is that wave 3's extend and can move 2.618 of wave 1.