Today we continue with our series on Elliott Wave patterns and how to use them to identify the end of a bear market and the beginning of a new bull market.
The market we are going to focus on today is food commodities, specifically grains, and we’ll discuss where prices might be headed over the next several years.
The chart below is a long term chart of wheat which we will use as our proxy for the entire grain market. However, corn, soybeans, and oats all have similar price patterns on their long term charts as well. More →