US Wheat futures (ZW1!) is in (B) wave correction as WXY complex cycle, where Y down is in progress as ABC. B wave is in progress as abc zigzag, where c of B is forming ending diagonal, so sell near 536 when it finishes for C of Y wave down for target of around 509.
When C wave over as (B) wave, then go long for (C) wave up for bigger target, so go long near 509 after impulse confirmation in 5 min time frame, for target of 565 or higher.
When C wave over as (B) wave, then go long for (C) wave up for bigger target, so go long near 509 after impulse confirmation in 5 min time frame, for target of 565 or higher.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.