May Wheat is forming a bearish flag. Could fall into Cypher extension heading for a double bottom. Looking for confirmation of a start near centre of the flag downwards and continues downwards. RSI still trending downwards
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Wheat fell off of bearish flag today. Looking for sell to 406'7 this week
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406'7 is for Wheat mini and 420'6 is for July Wheat
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Wheat remained bottom 25% of bar. Looking for further selling to 430. New projection is now a bullish bat / butterfly. Anticipating double bottom at 420'6.
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Wheat made a shooting star and another possible bearish flag today. Could see another move down into extension and 420'6.