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Sugar falling inside short-term impulse wave

  • Sugar falling inside short-term impulse wave (c)
  • Further losses are likely

Sugar continues to fall inside the short-term impulse wave (c) – which belongs to the extended ABC correction 2 from the end of June.

The active short-term impulse wave (c) is aligned with the longer-term daily downtrend from October of 2018.

Sugar is expected to fall further and retest the next support level 11.40 (low of the previous wave (2)) – followed by 11.00.

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Source: FxPro


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