Posted 10/20/2015 07:29 (#4848656) Subject: good morning, thought id share a short set up
This morning I was looking over a market that Ive tried shorting once before on this big spike up in prices and I think I am about to do it again as the profit to risk is to good not to try this trade. the chart below is of the sugar market and prices have been hovering below the 1443 mark for the last couple days. im expecting one last push higher towards 1460-70 and then I will be playing from the short side as i believe a push lower in a 5th wave down extention could take prices as low as 8.50 in an impulsive 5 wave set .