vlad.adrian
Short

Double Top in Wheat

CBOT:ZW1!   Wheat Futures
261 4 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
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