leyal
Long

Next target 500

CBOT:ZW1!   Wheat Futures
12 1 2
0.618 FIB next ($500)
From April this year at these prices below we have had....
9 points of contact at 500, 12 points of contact at 504 and 23 points of contact at 513
Meaning the more points of contact the more respect the market gives these levels.
Like a moth to a flame you are right the 500 area is the attraction point! Though I have the target possibly a bit higher at 504~513 on a daily close basis. But I don’t know how to trade it because I have a 15 period EMA that is acting like resistance to the upside. I’d like to see that breached to take a long position.

Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out