WEAT (Wheat): Forming Huge “W” to Culminate in 2032/33?
9.13.24
MA's need to flatten out, like last time before bull run (2019-2020).
Base was built over 13 - 21 months, depending how you measure it. (13 mo from 1st bottom to 3rd bottom)
There was a triple-bottom (or quadruple/quintuple bottom, depending how you look at it), before going from $4.83 to $12.63.
Extrapolating, potential (last) bottom around Sep 2025 (~$4.83), before possibly breaking out of range around Apr 2026.
Targets:
$12.63
$17.52
$25.40 - $25.94
It's forming a huge "W" which would culminate in 2032/33... though if the stock market is going to crash in 2026/27, I doon't see how the price could keep rising past that point.
So caution with this one... wait for breakout between Sep 2025 and Apr 2026, though this one might lose any potential momentum once economy starts crashing.
MA's need to flatten out, like last time before bull run (2019-2020).
Base was built over 13 - 21 months, depending how you measure it. (13 mo from 1st bottom to 3rd bottom)
There was a triple-bottom (or quadruple/quintuple bottom, depending how you look at it), before going from $4.83 to $12.63.
Extrapolating, potential (last) bottom around Sep 2025 (~$4.83), before possibly breaking out of range around Apr 2026.
Targets:
$12.63
$17.52
$25.40 - $25.94
It's forming a huge "W" which would culminate in 2032/33... though if the stock market is going to crash in 2026/27, I doon't see how the price could keep rising past that point.
So caution with this one... wait for breakout between Sep 2025 and Apr 2026, though this one might lose any potential momentum once economy starts crashing.
Penafian
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