Observing the Wheat daily chart we can observe a five allmost completed, started with a leading diagonal followed by a combination for wave ii, then a clear and extended wave iii, and an another combination (a bit shorter in time than wave ii) an then what seems to be a ending diagonal.
If wave i and v travels the same amount of price, the ending diagonal should end at 613, but if the wave iv, divides the whole five, the drop can get as low as 569.
If wave i and v travels the same amount of price, the ending diagonal should end at 613, but if the wave iv, divides the whole five, the drop can get as low as 569.