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hussain9

wheat

hussain9 Updated   
CBOT:W1!   None
10
7
We started to trade above RSI 35 days and MA 50 days thats an excellent indicators for may b a break out .
1St target is the 200 MA days .
Keep an eye on this
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At weekly , we are trading at a very important resistance , it waas a resistantce in 2006 , became a support in 2007 and 2010 , and now we back again :
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A 3rd strong move can strike in wheat like what happened before in copper , watch the upper trend for possible breakout :
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1 hour , looking and waiting for impulsive wave :
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I think we finished 1st wave and 2nd and we are about to fly up for a 3rd wave :
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Daily chart
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lets fly .
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If we break up 437'6 we will hit 460 .
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nice move to 3rd wave
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reached target :
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wave 4 should not trade below wave 1 . a reverse up is expected :
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great candle for today trading :
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