To The Moon

Hello, fellow traders. In this technical blog, we’ll take a closer look at our Elliott Wave charts for Wheat Futures (ZW_F), originally published in the members’ area of our website.We identified incomplete bearish sequences within the cycle from the 796′ peak, signaling further downside ahead. In the following analysis, we’ll examine the Elliott Wave structure and see how the market followed our projected path lower.

ZW_F Elliott Wave 4-Hour Chart  10.15.2026

Wheat Futures (ZW_F) developed bearish sequences within the cycle from the September 2 peak at 796′. Our analysis indicated that the cycle remained incomplete, with price trading within the red Y leg of a potential Double Three pattern. As long as price remained below the red X high at 706′, we expected the commodity to continue moving lower, with a downside target around 584’2.As our members know, we determine the completion target of a Double Three pattern by measuring the Equal Legs zone of wave W in relation to wave Y, using the Fibonacci extension tool.

At that stage, we did not favor buying Wheat Futures. Instead, we maintained a bearish outlook and favored the short side, anticipating further downside toward our projected target zone.

It is important to understand that we do not rely on Elliott Wave analysis in isolation. We combine it with cycle analysis and market correlations, examining multiple time frames to develop a clearer picture of market behavior.

This combined approach allowed us to anticipate the bearish continuation and identify the downside target zone in advance.

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page

ZW_F Elliott Wave 4-Hour Chart  11.08.2026

Once again, incomplete bearish sequences accurately anticipated the market’s path. Wheat Futures declined as expected and are now reaching our previously identified target area around 584’2, where the cycle from the major 796’1 peak could be approaching completion.

This is exactly the type of analysis we teach in our Live Analysis / Trading Sessions, where members learn how to identify incomplete sequences, understand their significance, and use them to anticipate the market’s next move.

Our member Chat Rooms are open 24 hours a day, Monday through Friday, on trading days, providing ongoing expert guidance on market trends and Elliott Wave analysis. Members can ask questions about market structure and technical setups at any time during trading days.

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