Elliott Wave Analysis: SUGAR

Daily chart of Sugar gives us a nice idea of a large impulsive move taking place from August of 2015 lows. As we see on the chart, price could now be in red wave (3), specifically in sub-wave 4, which can find its support later this summer around the area of a formal blue wave iv, where even some Fibonacci ratios of 38.2 and 50.0 can act as turning points higher.

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