IvanLabrie

May Wheat futures: Daily trend reversal

Long
IvanLabrie Updated   
CBOT:ZWK2023   Wheat Futures (May 2023)
This setup can lead to a larger failure of a weekly decline signal, which could cause a major move in $ZW_F. I'm long May futures here, paying close attention to how it develops, if the signal isn't stopped the trade could be held for longer until the chart evolves into a higher timeframe trend potentially, that would be the ideal scenario here.
Best of luck!

Cheers,

Ivan Labrie.
Trade closed manually:
This ended up hitting the target. Formed a new signal too but not sure it will work, could reenter on retrace maybe.
Comment:
Topped at the target so far.

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