Thursday, October 1, 2015

Sugar update… an expanded flat has shown up…

We are currently in a w3 up of a c wave in what appears to be an expanded flat for wave 4. This should come to an end between 1340-1480. A full wave 3 would be 1340 so some kind of bearish reversal candle should raise its head soon. Then the 4th toward 1240-1250 and final leg up that could very well fall short of the high that I am anticipating in the next few days. Price obj after completion will be 836 in 5 waves to finish the 5th wave down… 

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