After a failed rally, it fell down the break the last low and is now grinding out a bottom. This looks like a good opportunity to long by buying small positions every week for next few months.
There has also been a completion of a three-wave correction, which helps to further strengthen the case that this could be in the final bear stage.
There has also been a completion of a three-wave correction, which helps to further strengthen the case that this could be in the final bear stage.
Commento:
WHEAT kinda grinding the low bottom here, but looks decent to breakup if you follow it more closely for a wyckoff mark-up candle.
Commento:
First sign in long time that WHEAT is about to rally. Long sideways accumulation but now pointing at 761 ~ 821!