Hello traders,
After a five-wave drop on wheat from the highs, we can see that price started to sharply recover. This recovery can be part of a three-wave correction within wave two, which can look for resistance and a bearish drop near the Fibonacci ratio of 61.8(525 area). That being said, if we get a sharp drop below 500 area, then this would confirm a completed wave two correction at the 523 level.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.