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EWS
Jun 23, 2017 5:21 AM

Sugar (SB1) should be close to completing wave 3  Long

Description

I'm looking for wave 3 to complete at 12.67, where wave v of 3 will be 61.8% the length of wave i thru wave iii subtracted from the top of wave iv. It should just be a matter of time before wave 3 completes and a corrective rally in wave 4 takes over.

As the correction in wave 2 corrected a large part of wave 1, we should expect wave 4 to only correct a minor part of wave 3. A 38.2% correction of wave 3 will see wave 4 moving up to 16.03 before turning lower again in wave 5 towards 9.98.

Regarding the corrective pattern of wave 4 it should turn into either a flat or a triangle to alternate from wave 2.
Comments
rondoinvest
corr. to app. 16 is on the way...
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