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TFC Commodity Trading Forum

SUGAR: Sweet and Sour *PIC*

Sugar is currently in a downtrend. So where 'might' it be heading? A 3 Peaks and a Domed House pattern could help us with our targets.

Number 1 thru 14 is the 3 Peaks rounding pattern
Leg number 15 always shoots rapidly above the 3 peaks
The top should look like a head and shoulders
With number 28 the price will return back to number 14
This is a fractal that repeats in many markets
And in many time frames

Note that we already have a large head and shoulders with neckline at 22.50.
The traditional measure for a target is the height of the head subtracted from the neckline.

That's funny, the target still comes out to Number 14.

Let's see what happens!