littleriver

Wheat Weekly Gann Fan W/ clones.

CBOT:ZWN2013   WHEAT FUTURES - ECBT
183 12 0
The price of wheat             is currently resting on the purple line of the last upward fan with the 1/1 grey line from the last downward fan just ahead and strong volume . I suspect a break is coming soon.
Notice the same but I was looking more for a double bottom here
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Here is a look at the daily using fisher/ trix combo.
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LEONES PRO littleriver
what do they tell you?
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The fisher looks exhausted with the cat eared bottom on left of chart and is building to a possible crossing of the white zero line into positive territory. The trix is rolling over now for another run up as the yellow (3) and orange (4) have crossed the red (5) line . Also, there is divergence on trix with price (higher lows). Finally the candles, I see a potential reversal pattern. Price could make another run up this coming week and break the yellow downtrend line or it could bounce back down off this line and back to the yellow horizontal trend line for a third point. If the yellow horizontal trend line holds we are looking at the low in wheat now. A break of the horizontal trend line would indicate a bearish sentiment. Otherwise, I am bullish here.
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LEONES PRO littleriver
looks like a double bottom
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i today close is above yesterday high we are sorted
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The blue trend line on this chart is the grey 1/1 on the weekly. We may get a crossing this week. Running out of room.
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LEONES PRO littleriver
finally
snapshot
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Nice!
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Learning how to combine these charts with other indicator sets for different combined looks. Here is this chart converted to a daily with a fisher/trix combo. BB are squeezing.
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Last week was great but this week has been a disaster. Price is at lows of chart but the good news is volume has been weak for this big candle. Not much conviction . Lets see what next week brings.
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littleriver littleriver
snapshot

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A different look.
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