- General uptrend since mid of June
- Ascending triangle , with a strong resistance at $13.795 USD
- Prices are making a buildup , sign of an upcoming strong resistance break up
- Strong bearish rejection of candlesticks on the resistance (buyers are not able to get the price down)
- Bullish Harami and Bullish Engulfing at the...
- Selling volumes were decreasing
- Price reached support zone at 13.115 USD (demand zone)
- Price crosses upward the 20 exponential moving average
- Price crosses upward the bearish oblique resistance (end of the falling wedge)
- RSI crossed the 50 level
The price of US Rice could reach the strong resistance at 13.455 USD, which is exactly the...
Long and short ZR1!
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
Line of Least Resistance determined by Underlying Conditions in my Global Macro Campaign.
Price Action Behavior suggests short attack taking advantage of sellers at previous breakout, to accumulate for next wave... which is building up quickly.
I will know if my suspicions are correct at the median line.
US-China tensions will make the supply scarce, and NATO...
Rice future on the daily chart moved inside a range for a long time.
Recently the price broke the upper structure and move to the upside.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
A major 3 wave followed by a triangular consolidation followed by another major 3 wave?
Rice is a basic human commodity needed by many to survive; interesting that it is rising despite the fact that many other agricultural commodities like soy and corn are falling.