BLUF : Commodities Long...Play it anyway you want but I like the upside potential and Risk Range(s) of this play, easy to leverage gains/losses....great structure...Let's See What Happens? TW DEAL 15th, JAN Option Friday...get the pullback once your triggers are pulled w/in your range, leverage your risk then sit back and watch!
In the longer term, WEAT can have a strong price again!
Stop loss: $5.35 Risk Reward: 2.24 Target $6.81
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.
Interesting spot here, lower consolidation with a possible IHS.
another bottom setting up in a commodity here. long on 3 day high
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.
$WEAT (wheat ETF) setting up for possible break of downtrend on monthly
Wheat ETF set up on the monthly. waiting for breakout of long term downtrend. $WEAT
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!
Higher low, positive technicals make wheat a buy some time very soon
Heating the demand line at the fib level, I expect it to bounce higher from here.
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 free and your ticket to learn to earn... P!