WHEAT - Bottom is near!
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.
Note
WHEAT kinda grinding the low bottom here, but looks decent to breakup if you follow it more closely for a wyckoff mark-up candle.Note
First sign in long time that WHEAT is about to rally. Long sideways accumulation but now pointing at 761 ~ 821!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.