mikemo81

Wheat Bottoming?

Long
mikemo81 Updated   
CBOT:W1!   None
Looking to go long wheat via ETF. EW suggests wave 3 of 3 starting. Could be massive. Great risk/reward at this point.
Comment:
Appears to be in a complex Elliott corrective move, perhaps a WXYXZ pattern, suggested by overlapping price movements since the 52 week highs. Still looks promising.
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.