Sugar $SB_F Short-term Elliott Wave Analysis 5.4.2016

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a triple three where wave (w) ended at 15.6, wave (x) ended at 15.01, wave (y) is proposed complete at 16.47, and 2nd wave (x) pullback is proposed complete at 15.88. While pullbacks stay above 15.88, and more importantly as far as 13.99 pivot stays intact, expect Sugar to resume higher towards 16.89 – 17.13 area to finish wave w, then it should pullback in wave x before higher again to 17.51 – 17.89. We don’t like selling the proposed pullback and favor more upside against 15.88 in the first degree, and against 13.99 in the second degree.

2SB #F 1H20160504090046

At EWF we offer 24 hour coverage of 50 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer