Report

Sugar – Forecasting Elliott Wave Path and Calling The Decline

In this technical blog we’re going to take a quick look at the Elliott Wave charts of Sugar (SB_F) published in members area of the website. SB_F ended a cycle from 04.13.2022 peak as a Zigzag Elliott wave structure. and bounced. Based in correlation with other commodities and US Dollar Index calling for more upside, we called for the bounce to fail below 04.13.2022 peak in 3 or 7 swings and Sugar to resume the decline. In the remainder of the article, we are going to show some charts from members area of Elliottwave-Forecast to show how we forecasted Elliott wave path and then the decline which followed.

Sugar (SB_F) 12 July 4 Hour Elliott Wave Update

SB_F 20 July 4 Hour Elliott Wave Update

SB_F 25 July 4 Hour Elliott Wave Update

Source:-forecast.com/commodities/sugar-forecasting-elliott-wave-path-calling-decline/

#elliottwave #trading #sugar

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Elliott Forecast
Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions. 

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