elliot waves

Continuation of sugar futures marking.

Well, if there was such a correct wave counting for sugar before the end of the 5th wave, then we can assume that further the correction impulse will be the same correct.
For example, like Joseph, according to the simplified method of interpreting Elliott waves, described the sale of the 2nd type: sell after breaking the trend at the end of the 5th wave — correction should last, at least until the last 4th wave:

Note: this is just an illustration. I did not open positions on it.

Elliot's prediction from 17.12.2009 came true.

Well here are my predictions from 17 December last year come true. :) Fifth Wave Sugar Target Reached Today, as he said 29.40. Hai was today 29.45.
Details here:
http://jc-trader.livejournal.com/11474.html

Let me briefly remind you of what was discussed:

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Technically speaking, the fifth wave went up — I hope no one will argue about this, after all, an almost perfect example for a textbook. If we define the target of the fifth wave as 161% fibo, then it will be approximately 29.40. Me, I am not personally interested in the goal, the position will be closed by the crawling stop when it sees fit :)
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But since I have a system, I hold the position until the stop is triggered — suddenly go even higher :)

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