KC Hard Red Winter wheat futures are trading at December 2020 levels, when the Daily chart made new highs from the Stage 1 Accumulation and entered into a Stage 2 Markup.
Since February 2023 and arguably June 2022, the Daily chart has been in Stage 4: Decline and has completed the three-and-a-half-year round trip.
Below is a refresher on the four stages of market structure and the emotions commonly experienced.
Take a look below.
Perhaps you are currently experiencing some of these emotions.