7pasos

Wheat decline seems near to end

CBOT:W1!   WHEAT FUTURES
170 0 0
Observing the Wheat             daily chart we can observe a five allmost completed, started with a leading diagonal followed by a combination for wave ii, then a clear and extended wave iii             , and an another combination (a bit shorter in time than wave ii) an then what seems to be a ending diagonal .

If wave i and v travels the same amount of price, the ending diagonal should end at 613, but if the wave iv, divides the whole five, the drop can get as low as 569.
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