Comments on the chart. The market has a way of faking a breakout and then turning tail and going the other way. So I am checking this one out
Comment:
Massive downmove has been seen. Market has not closed yet so we will see if this will settle like this
Comment:
Market closed with almost all the losses of thee day intact. Wave 5 down might be in play now
Comment:
Price roared back to life on friday after a devastating fall the day before. No technical damage has been done and I am still looking downwards until the most recent high has been taken out. Taking that high out will invalidate my idea that price is moving lower in an EW 5 move down to new lows.
Comment:
Technical damage has been done on the chart. This idea is dead in the water. Will put up another idea on the next trade I see in sugar however I believe thee downside can still re-surface but in the meantime this upmove could be tradeable