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Average is about $5.35, could be a double bottom here, still looking for wheat to go a lot higher in the future.
Needs to bounce above the short trend line, i still see this going up long term bc of all the flooding in the midwest.
will be watching, also have shares of $WEAT. I see a bounce in the future due to what's going on in Nebraska and other states that grow a lot of wheat.
Back form my summer holidays Potential long on WEAT: Bullish cloud Bullish TK cross Lagging span above price cloud support Potential H&S forming Learning the Ichimoku time theory so day 17 could be influential.
AMEX:WEAT Hi, I'm just a beginner in the technical analysis. Until jun 5th I thought I've found ascending triangle, bit then it was broken. Now it seems that the pattern is channel up. I'll be happy to get comment / remarks
Finally backflip above the CL (yellow). Now it looks like a parabolic move. Let's see if we can reach the U-MLH or at least the shift (white dotted). P!
With this trade you where able to see multiple months, how I approach the markets and how I use the Forks to get information in advance. Here is you link to the whole thread and you can go back in time and watch how it worked out: And don't forget to get your ForkTrading BLUEPRINT. It's...
Wheat breaking out over the 50 week moving average. Volume seems supportive of trend developing. Will add on a 10%