forker
Long

Wheat preparing for a shot to the sky again?

CBOT:W1!   WHEAT FUTURES
140 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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