upslidedown

WHEAT breakout long entry

Long
AMEX:WEAT   Teucrium Wheat Fund ETV
WHEAT had a beautiful breakout candle yesterday, breaking the prior consolidation zone. I'm most interested in this idea because once I ran fib retracements there is so much alignment: 618 is perfect prior support, 0.5 is a teeeeny tiny gap, 382 is a consolidation zone, and we've defeated 236.

Follow through and it is off to $10 at minimum. TP/SL targets pictured on chart.

SL: trade setup invalidated with a daily close below 8.45.
TP: $10 and above, depending on how you trade

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