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edzim
Aug 17, 2021 9:15 PM

short wheat - failed breakout, & confirmation of existing wedge  Short

Wheat FuturesCBOT

Description

saw wheat form a wedge which saw an upside move higher. The price break did not hold and it fell back into the existing wedge within a week. It broke down through the lower bound of that wedge today which confirms a move to the early formation of the wedge. A potential extension forms when that wedge may confirm a larger double top. GLTA
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