Thursday, May 22, 2014

Dec wheat… 1st part of the correction complete?


Dec wheat looks to have completed 5 waves higher and I will be looking for a w2 in a zig zag formation .… 1st target comes in at 648.

 It also looks like the first leg of the possible zig zag lower is close to completing. Trgt to complete would be around the 670 price range. Tough to tell at this stage. This is what I would like to see play out.  a break of 686 3/4 would open the door to 670

No position as of yet

No comments: