US WHEAT, still a bit to the downside

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US Wheat futures.

2022 Ukraine-Russia War spiked prices to the 13.000$. Since that moment, prices have retraced to the 550$ levels. Notice the useful trend lines, key pivots for reversals.

Also, AVWAP (in purple) since the 2022 highs has been a key line to watch for lately, as short sellers will try to push the prices to the downside when reached.

Elliott countdown also suggests further downside to finish the 5th wave

My PT remains in the 500$ area



ノート
5th Elliott wave on development.
PT remains in the 500$ area
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Nearing PT of 500$, as of writing in the 520$
ノート
getting there!! Low at 515$
Chart PatternsTrend AnalysisWave Analysis

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