Second correctional wave seem to be completed. Hope you bought the dip :)
Now, we should see third wave advance out from bottom. That can be fun.
Look at chart for expected price path.
Now, we should see third wave advance out from bottom. That can be fun.
Look at chart for expected price path.
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Boom!
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Made a chart of upside resistances. Current resistance right above its head is a very strong level. Once that is cleared, we should head easily to the next zone.
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Yesterday's price action was very interesting.
We retraced to 61.8 % of the upmove, and was at one point in the trading day down about 1.4 %. There was a wheat report launched yesterday.
Trading day finished up +1.7 %.
This should give price significant momentum to thrive on.
We retraced to 61.8 % of the upmove, and was at one point in the trading day down about 1.4 %. There was a wheat report launched yesterday.
Trading day finished up +1.7 %.
This should give price significant momentum to thrive on.
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Wheat is looking green and great so far.
