●● Preferred count
● Wheat - CBOT (ZW.F), 🕐TF: 1Q
Fig.1
The counting of the wave structure of 1840-1972 has been revised in favor of a supercycly triangle (IV), the subsequent series of uptrend waves is interpreted as waves I, II and III as part of the unfolding ending diagonal (V).
_______________________________________
● Wheat Futures (CBOT), 🕐TF: 2W
Fig.2
The target for wave IV may be the Fibo level of 78.6% of wave II.
_______________________________________
● Wheat Futures (CBOT), 🕐TF: 1D
https://www.tradingview.com/x/AEuU76ay/
Fig.3
A variant of counting the wave structure of wave III.
The wave structure is expected to become more complex up to the sideways correction. If the correction takes the form of a triangle, as it is schematically depicted in Fig.4, then a good trading setup will open for opening a short position.
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
● Wheat - CBOT (ZW.F), 🕐TF: 1Q
Fig.1
The counting of the wave structure of 1840-1972 has been revised in favor of a supercycly triangle (IV), the subsequent series of uptrend waves is interpreted as waves I, II and III as part of the unfolding ending diagonal (V).
_______________________________________
● Wheat Futures (CBOT), 🕐TF: 2W
Fig.2
The target for wave IV may be the Fibo level of 78.6% of wave II.
_______________________________________
● Wheat Futures (CBOT), 🕐TF: 1D
https://www.tradingview.com/x/AEuU76ay/
Fig.3
A variant of counting the wave structure of wave III.
The wave structure is expected to become more complex up to the sideways correction. If the correction takes the form of a triangle, as it is schematically depicted in Fig.4, then a good trading setup will open for opening a short position.
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🆓 Больше аналитики в Telegram: t.me/freetradelife
📚 Методичка (Ellliott Wave Guide): t.me/elliottwaveprincipal
📚 Библиотека (Ellott Wave Archive): t.me/biblioewa
💎 Premium: t.me/freetradelife_premium
📚 Методичка (Ellliott Wave Guide): t.me/elliottwaveprincipal
📚 Библиотека (Ellott Wave Archive): t.me/biblioewa
💎 Premium: t.me/freetradelife_premium
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.