- The price will meet 61.8% of "A" wave.
- There is 161.8% of the corrective (a) wave.
- If we overcame 38.2% will see the right shoulder of potential H&S pattern completed, and that zone in the bigger ellipse matches with the target roughly.
- See the circled bar in red.
MARKET FORECASTING, USING GANN'S ASTROLOGY METHODS, ELLIOTT'S WAVE PATTERNS AND FIBONACCI LEVELS
Jul 15, 2010
SUGAR- Elliott Wave Update
The sugar bulls seem to be still breathing. The price tested important support and bounced up successfully for new corrective high. Most likely the price will nest at $24.56 area and then will collapse for "C" wave of a "zig-zag". There are few evidence supporting that scenario :
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