Type: Bearish Momentum Resistance: 904'1 Pivot: 876'3 Support: 818'6 Preferred Case: The H4 price is breaking the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the pivot at 876'3, where the 23.6% fibonaci retracement and overlap resistance are to the 1st support at 818'6, which is in line with the 61.8%...
Type: Bearish Momentum Resistance: 904'1 Pivot: 876'3 Support: 818'6 Preferred Case: The H4 price is breaking the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 876'3, where the 23.6% fibonaci retracement and overlap resistance are to the 1st support at 818'6, which is in line with the 61.8%...
CBOT:ZW1! Possible Scenario: SHORT Evidence: Price Action TP1: 740$
CBOT Weekly Wheat Futures (ZW1!) with √ 2 + 2 support, resistance, and angles. Note square out turning points.
big time frames are bullish, and small time frames we are at the lowest, long here would give you a really goo risk/reward ratio. stay humble and easy on the laverage as if it breaks this level we might see a sell off in a blink of an eye ! NFA
Type : Bullish rise Resistance : 1030'5 Pivot: 901'4 Support : 845'6 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 901'4 where the 23.6% retracement sits to the 1st resistance at 1030'5 where the 50% fibonacci retracement and overlap support...
Under these conditions wheat prices will continue to rise at least to reach 949.4, assuming that price will go and displace the 1364.6 level is just pure gambling, because with Russian-Ucraine war we could see a violent lowering in prices if Ucraine will result as a winner of the conflict. i would expect a pump from the zones marked that should be confirmed.
10. 10. 22 This is a wheat trade and managing the target. I'm posting this because it helps reinforce what I was trying to convey this weekend.... looking for realistic targets and staying in good trades longer.
wheat Completion of wave y of the compound binary wave, and completion of wave b at prices 945 We expect wheat to decline in the coming period after ending the correction pattern as we explained, and we expect a decline as prices are less than the decisive point 945, which is the crucial point. Important, a point for the next period and the beginning of the wave retreat
Type: Bullish Momentum Resistance: 1031'1 Pivot: 938'1 Support: 897'0 Preferred Case: The price is crossing the ichimoku cloud and moving within the ascending channel , we have a bullish bias that the price may rise from the pivot at 938'1, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1031'1, which is in line with the 50%...
Type: Bullish Momentum Resistance: 1031'1 Pivot: 938'1 Support: 897'0 Preferred Case: The price is crossing the ichimoku cloud and moving within the ascending channel, we have a bullish bias that the price may rise from the pivot at 938'1, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1031'1, which is in line with the 50%...
Type : Bullish rise Resistance : 1017‘4 Pivot: 920’0 Support : 848‘2 Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 920’0 to the 1st resistance at 1017‘4 where the 50% fibonacci retracement is. Alternative scenario: Alternatively, price...
Type : Bullish rise Resistance : 1017‘4 Pivot: 920’0 Support : 848‘2 Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 920’0 to the 1st resistance at 1017‘4 where the 50% fibonacci retracement is. Alternative scenario: Alternatively, price...
Daily ZW analysis Sell trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
Wheat is a very strong upward form and currently has a strong resistance zone which, if broken strongly, will return to the previous summit, which is a goal
Hello everyone, there is a High potential for a bullish tend, the market has a big probability to break the level 825'6 the market may go to retest the level 868'0 with an engulfing candle, then continue up. FIRST TARGET IS 494'4, Second target is 1047'6.
The wheat is now in a clear collection area We expect wheat prices to rise from this area, as shown in the graph