US Sugar futures ( SB1!) - stay short for bearish outlook
98 views
US Sugar futures ( SB1! ) has completed ABC zigzag as the part of Y wave, as mentioned in previous updates. The total sequence is WXY as double zigzag , which is well known in Elliott wave theory and mostly seen in commodities and currencies.
In last updates, we already posted the bull set up for buy a C wave, Now its over.
stay short in B wave up at around 12.73-81 with stops above 12.97 for target range of 12.25 as support zone or lower too.
make sure that B wave is not too sharp before entering the trade set up.
In last updates, we already posted the bull set up for buy a C wave, Now its over.
stay short in B wave up at around 12.73-81 with stops above 12.97 for target range of 12.25 as support zone or lower too.
make sure that B wave is not too sharp before entering the trade set up.
Comments