Taking a look at the MGEX Hard Red Spring Wheat Futures Composite Index monthly chart.
The price has reached a level of interest to me at the confluence of the .236 Fibonacci Retracement and the previous supply from 2010 thru 2012.
I am not a big volume guy, however, it is worth noting the declining volume on the parabolic rise beginning in the summer or 2020.
When I look at the weekly chart, I notice that three weeks ago, we had a TD 9 count which prepares me for 1-4 candle pullback, in this case, 1-4 weeks.
I prefer to have the candle top on a TD 9 with a long wick at the top to provide more confidence.