Elliott Wave: Wheat Looks For Bearish Turn
Gregor Horvat | Jul 16, 2018 11:29AM ET
Hi traders,
Wheat can be making a seven swing correction, up from 470 lows which can now be unfolding its last three-wave rally, and can look for a top and a reversal near the Fibonacci ratio of 50.0-61.8, where also the upper channel line can slow bulls down. A drop in impulsive fashion, and below the lower channel line would suggest more weakness.
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