At the beginning of the 2008 while the sub prime crisis start to be feared by all the wheat touched peaked, since then until mid 2010 the price dis-inflated severely (lost around 65% at the time from the $1320’s to a very better $480’s the contract. But as the recovery geared traction from 2010 it reduced the lost of price more than half when made at end of 2012...
To all of my followers - you may not see me publish many Elliott Wave formations, but this one is far too good and far too low of a risk NOT TO publish it. Take a look at this pattern and you will see what looks like an IDEAL, PERFECT and LOW RISK trade to sell short Russia here. The rally is a nearly perfect example of a corrective A-B-C flat rally that...
In perfect concordance with the final channel if we count this movement as a wave 5)) an impulse with its 5) extended we can assume that the actual decline phase could be the first wave reactive to the last rally started since 0.8129 and now we can expect be around this area for the next few weeks because the nature of this correction due the alternance guideline...