Wheat: overwhelming pessimism leads to a bottom

CBOT:ZW1!   Wheat Futures
Wheat             has formed a gigantic weekly base, and is ripe to rally once price moves above 469'6.
It's a bit premature to buy, but we could get away with huge R multiples if this trade setup works.
Open long positions on a break of this level, with stops under the previous week's low.

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Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Order cancelled: Not valid yet.
Comment: A matter of timing, a shame we didn't catch the move.

Amen sista. If we can punch out 520 we're going to the moon... 470 first
It's a solid base for a rally, let's see if it works.
Good luck!
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