Sunday, October 11, 2015

Sugar update… extended 3rd wave of C expanded flat

Sugar is most definitely in a w3 extention in what I believe to be an expanded flat for a 4th wave. What I would like to see is a gap up open on the daily chart with some kind of bearish candle as we need a 4th wave lower and then a failed attempt at the highs again in a truncated 5th wave to complete the 5th n final wave. I will be looking to sell any rally attempt to 14.60-70 as its my belief a push back to 8 cents is in the cards. 

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