$WHEAT - Mirage or Stampede - in search of the bottom.
Updated
A few things:
... on Monday we have #notrading day in #Chicago.
... often in the triangle wave "e" is ...a triangle.
... the chart above is a only continuation graph.
... every year we have five contracts for wheat:
1. March - "H" :
2. May - "K":
3. July - "N".
4. September "U".
5. December "Z".
Considering the above, you should look for bottom on the July contract in the area $417-405. Last trading day of this contract is 14th of July.
If I'm wrong - let the Gods help us.
GL!
cmegroup.com/trading/agricultural/grain-and-oilseed/wheat.html
... on Monday we have #notrading day in #Chicago.
... often in the triangle wave "e" is ...a triangle.
... the chart above is a only continuation graph.
... every year we have five contracts for wheat:
1. March - "H" :
2. May - "K":
3. July - "N".
4. September "U".
5. December "Z".
Considering the above, you should look for bottom on the July contract in the area $417-405. Last trading day of this contract is 14th of July.
If I'm wrong - let the Gods help us.
GL!
cmegroup.com/trading/agricultural/grain-and-oilseed/wheat.html
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