IvanLabrie
Long

Wheat: Bottoming pattern?

CBOT:ZW1!   Wheat Futures
The wheat             chart has a very interesting and huge terminal triangle in the weekly scale.
You can enter long as depicted on chart, and aim for the high volume node above, or even the start of the terminal triangle if it were to be valid.

As you can see in the related ideas, it's highly probable that the dollar has topped in the long term, and the macroeconomic landscape favors an increase in agricultural commodities .

Good luck,

Ivan Labrie
Trade active: New high
Comment: Such a beautiful trade...bravo me. :p
Hope someone took it.
Comment: Soaring beautifully.
Comment: It's not looking good after hitting the first resistance.
Comment: We have a nice base here.
Comment:
snapshot


Failure to hit the target on chart in 2 days would imply there's pending upside here.
Comment:
snapshot

We can add to longs at market, stop: 470
Awesome setup
Reply
Thanks, it's working well.
Reply
Good analyse Ivan...Have a nice weekend...
+1 Reply
IvanLabrie PRO johan.verm
Thanks, you too.
It's working well.
Reply
johan.verm IvanLabrie
I have try to load the 'wheat' chart but I can't ??Is it because i have no pro account?
Reply
IvanLabrie PRO johan.verm
Odd, you need it for intraday but daily and weekly shouldn't be a problem.
Use the zw1! symbol, or the front month contracts' chart.
Reply
johan.verm IvanLabrie
Great!! It worked! Thanks Ivan...Tradings are going well lately...Analyses are working ,...at last...Only the spykes /wicks are ruin my day ...
Reply
johan.verm IvanLabrie
Thanks for the info about entering long..Strong bullish (weekly chart) piercing candle ...Good luck ...
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