Walter Bressert Futures OnLine Using Cycle Trading Patterns to Buy Bottoms & Sell Tops in the Direction of Trend and at Trend Reversals
Wheat Daily
 

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A rise above the swing high at "B" will confirm the daily trading cycle bottom and indicate the weekly cycle may also have bottomed, with a rise a 50% retracement at 295 possible.

A word of caution: If the swing high at "B" is exceeded, and the market quickly reverses, a drop to test the 250 level is very likely to be seen as the weekly cycle bottoms in the second half of January or February.

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