Marking swing highs on a continuous wheat chart
How we teach students to label swings on continuous grain contracts without drowning in every wiggle.
Continuous wheat charts stitch multiple deliveries into one path. That stitching helps you see multi-month structure, yet it also invents quirks near rolls. Students often mark every minor pivot until the page looks like scaffolding.
We start with a simple rule: a swing high on the weekly continuous must hold against at least two intervening weekly closes on either side before it earns a label. Daily charts inherit those weekly anchors; they do not invent a new hierarchy from scratch.
When a roll gap sits near a candidate level, we ask whether the same congestion appears on the front-month series. If it disappears, treat the continuous mark as context, not as a precise trigger.
Homework for new intensive students is always the same in week one: print the weekly continuous, pencil three swing highs and three swing lows that survive the two-close test, and write one sentence explaining why a tempting fourth pivot was left unmarked.