Given with the break of the downtrend and a major retest in the making, likely that this would turn into a major bullish pattern.
Touched the top of the channel. Now enter short on confirmation, could even take a breakout so be carefull and sell only confirmation candle
has a major bull trend in Wheat begun? I will be a buyer of dips moving forward in this market.
Current structure indicates we will have mega bull market and life time opportunity to trade wheat 0.24% for longer term and big winner. Cross market analysis shows similar structure in rice and soy beans whoich support this idea, We have clear divergance in MACD . Dollar is getting weaker which also supports. This trade will multiply anyone's trading...
Hello everyone, we have an opportunity to short this towards the highlighted target. Overall I believe this could go a lot higher. For any questions leave a comment or DM me. Good Luck
This is a market we are very very interested in, fundamentally and now technically price is now pointing to a much higher area in the long term. We would look at pullback's as value areas to look for long signals as you can clearly see how price is heading after its very long term consolidation period.
Wheat shows an interesting potential, were to confirm the weekly signal on chart. There is currently two daily modes, from which price can rally from, but it needs to clear the resistance above last week's high to do so, and hold above the mode, detaching from it for a week to trigger the advance I am showing you with this 'divination'. Keep an eye on it to enter...
The monthly wheatusd chart looks like it may be setting up a potential long term bottom. +DI has crossed above -DI and has put in a solid support line at 4.090 holding for past 4 months ADX has continued to trend up signaling a strengthening of dominant trend (+DI) TRIX has been moving toward 0 from negative Stoch, after being oversold for past year, has...
Daily bull flag. Buy the pull backs on wheat. Set to rally off of monthly demand:
Hello traders New month is here and new trades. I noticed a set up in wheat.Let's take a look: Monthly: Its not shown here but you can see macd is crossed up and hadelta is above zero. Possible higher low . Weekly: Kumo is shading price. Ha delta is below zero still. Price made new low and we have green candle to start the week. Chikou reversing after hitting...