forker
Long

Wheat preparing for a shot to the sky again?

CBOT:W1!   WHEAT FUTURES
142 0 3
It's all in place for a new potential turn...

Context
From extreme top to center to extreme low again. And here we are, at the L-MLH (Lower Medianline Parallel).
We had a nice push through the upper ML-H. And so we can expect the same below here (dashed red sliding).
In these higher timeframes we can see very good how price is reacting within a fork, which represents nothing more the a function of Newtons Law (Action/Reaction).

Price Action
A real pressing at the U-MLH of the red downsloping fork.
See the WRB             around 2010? This rocket bar gives information...see where the support was later since 2014.

Trade Idea
Potential turn to the north could be within the green zone.
I allways prefere to wait for a sign, like a break of the red U-MLH and take the PB             if i have a good stop.
Alltough, here i would take it at the red sliding too, with my stop behind the green lines.

Peace!
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