Hi traders and anvestors , we waiting for the breaks or spring-box
Hi friends, wheat long to 618 as new wave 1 of the 3, then down for wave 2, the count will be 1 2 1 2, will update it when it done after that boom 3rd wave. do not forget to follow me ^^
You know I am a big fan of commodities and especially tight markets like wheat, live cattle, etc. These instruments are less manipulated and less speculative. Usually, they follow their setups very well. Getting above Friday’s high is potential swing entry. We have a triangular formation on the daily chart. Sometimes price makes false breakdown before the rally....
Wheat futures rallied last week as it was expected. Congrats on your profits! Wheat is one of my favorite instruments. It follows setups very well. Many traders focus on more volatile instruments. But that is wrong. As traders, we have to be focused on a less speculative instrument that gives a better risk/reward ratio. I believe the price will retest recent highs...
Based on COT reports commercials are long wheat. They are correct 98%. It may take time to form a buy signal. But with that in mind, we look for buy signals - whatever happens first - break out of daily resistance - lower high + oversold oscillator - divergence (I use RSI and OBV)
Bit of a longer term idea. We see a clear support line, heading up. Forms a decent basis for wheat prices. It shows a few high's over the last years, which form a clear target. Take length with your own preferred SL/TP. Trading is not about copying but about forming your own opinion.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick . Dates in the future with the...
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick . Dates in the future with the...
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick . Dates in the future with the...
- price has broken 2 key levels for me (the 2 purple lines) - EU harvest doesn't look great (buy the rumour?) - has outperformed in the last week or so
My mate @Bo here on TV gave me a heads up. I can see the following on the chart: - very stretched down swing - coiling = something is cooking in here - price landed nicely at the A/R line The white fork is a "potential" projection of price. If price close out of the L-MLH, then the fork is not valid anymore. Let's see if there will be something more...