Yes, now you need to learn to change the time base so you can display different frequencies, ie making for either more or less pulses visible, you will also find you can move the signal up and down on the screen with the arrows you see on each side of the display, as well as the size of the signal displayed. In addition there is a setting to show the amplitude, frequency and other info of the signal on screen as well as record it for transfer to PC via USB
The wheel sensor will be a 0 to 1v signal of differing frequency dependent on how fast the wheel spins so learning the above will be important