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jojofang0901

WHEAT Is It Going To Reverse ? Wait For bearish Price Action

Short
CFDs on Wheat (OANDA:WHEATUSD)  
jojofang0901 Updated   
OANDA:WHEATUSD   CFDs on Wheat
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction
27
9
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction

Hello traders:

WHEAT is also looking clean for the downside reversals.
We can see that price has formed into a larger, higher time frame ascending structure, correcting the price up.

We also see a clear rejection and a possible bearish reversal impulse, after hitting a double tops.

HTF:
snapshot

Latest development has shown us a bearish reversal impulse after initially breaking to the upside.

Watch for LTF bearish continuation correction, as a confirmation for further downside, if price can develop into.

Thank you

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