Wheat

Here are some E-Signal high time frame charts of Wheat (continuous contract). I know the very high TF charts look like a birds-nest but they should only be viewed in lower TF when they become clearer.
I have already put forward my view that price is never affected just by one fork but by multiple forks (& their associated warning/reaction lines) & in multiple time frames. The single fork drawn in the first chart is of interest to me in particular. In high time frames like weekly/monthly the E-Signal charts are unreliable due to the clumsy nature of the PF tool but for the purposes of indicating support/resistance and CL objectives etc. they are adequate. Price i believe is heading for one of a cluster of important CL's ( mostly Schiff & Mod Schiff with horizontal attitudes) that are located between 875-900 level.
Above price at this level today lies the reaction line from the fork shown in the first chart.



















Here it is in Metatrader ( Mch11) with other forks of interest to me at the moment. It looks like an area of considerable resistance and this reaction line could hold price back for a considerable period of time.











Here is a fork that captures the controlling swing from the important pivot made on the re-stest on 600.00. The correlation between price ( both before and after the fork) and the reaction and warning lines is excellent. A strong break above 870-875 would be very bullish but i will watch and see how price behaves with the continuous pressure of this major RL.