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Genghis
Mar 30, 2017 7:09 PM

Wheat - Mar $4 Support? Long

Wheat FuturesCBOT

Description

Bulled up... just a matter of weather* $4 support holds or we drop down to 3.5 levels
Trend line resistance erroded

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Back to 2001

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Flipping it on it's head doesn't appear to convey the same bullish message... little perplexed what I've messed up on this chart for it not to mirror above

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Still hoping for sub 410...
Could play out similar to this?

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2nd month chart

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Looking to add on this dip

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Time to fill our boots

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Closed out long. H&S set up ... hopefully we get sub 4.15 to load up

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Still hoping eventually for sub 4.10 but short term rally could be setting up.
We are at 23.6% retracement
Daily


and inverse H&S set up
1hrly
Comments
Market_Gadfly
I am bullish with you...longed today at the low (lucky) based on a small bat pattern completing in the range of this larger bat pattern (re-test of the larger bat pattern as well). I am going to move stops to breakeven after a few dollars in case there is another wave down before we go up. Good luck Genghis.

Genghis
@Market_Gadfly, good luck chief
hangseng
@Market_Gadfly, yes, following too :)
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