Double Top in Wheat

CBOT:ZW1!   Wheat Futures
261 4
This is my first published chart with a custom indicator. Until now, all my charts had 3 manual plotted EMAs, making up a Wave. Now, thanks to user LazyBear, I have an indicator which plots all three of them, making it much easier to change their value. I will be using this indicator from now on. Thank you LazyBear for your great work!

Wheat is currently standing at its value zone, but there are very strong bearish divergences on the oscillators. After gapping down heavily, a short position is not ideal because the risk/reward ratio is not attractive. A small rally would offer a much better price for shorting.

It's rare that both the weekly chart and the daily are in sync, and when they are, strong trends emerge, with the daily offering great buying or shorting opportunities at very good risk/reward ratios.
Here is the weekly chart :

I will soon post a weekly chart with technical analysis and how good this approach works on the Wheat market
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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