Wheat Futures - TP Done

So Wheat futures finally hit the target price of 686. Below is the chart depiciting the wolfe wave completion. Here is the link to the trade set up.

Wheat Futures - Target Price done

We will now wait and see for price reversal to happen in order to long wheat futures.

Wheat Futures, July 2013 - Trade Set up

We see a Wolfe Wave pattern being formed on the H1 charts of Wheat Futures for July delivery. In the supporting chart below, the solid lines are the trend lines connecting waves 1, 2, 3, 4 and currently in the process of a Wave 5 completion.

Wheat Futures, July 2013

While this doesn't represent the actual WW trade, a good trade set up would be to short Wheat Futures, WN3 as the potential Wave 5 is projected at 677, rounding this off to 685 level.