Wheat short Holding a short on wheat. Looking for a bearish flag formation after that impulsive leg and then possibly entering a second positionShortby UnknownUnicorn97554291
WHEAT Weekly Timeframe UpdateWheat Futures has hit new highs over the Q4 period and we enjoyed the Bullrun as expected, but now it's time to prepare a major correction. Regarding the chart, I have analyzed that Wave 3 more or less has completed its cycle. Please be extra cautious and allow room for price to reach the $700 area before deciding on making short positions. The area in which the correction should take place is between the $700 & $610 area. We must apply Ralph Nelson Elliot's alternation for this correction. Please pay attention to Wave 2 on the intermediate cycle as you can see it is a fairly simple zig-zag correction. Therefore, we have a high chance and probability that Wave 4 will be complex & we can anticipate a Flat or Triangle correction. Shortby cmachinafxUpdated 221
As expected wheat arrive to 633 dollarsWheat get the first target after downtrendline break as expectedby MUSTAPHA_AIT_ZAABOUNE111
Wheat future respected exactly the double top patternAfter neckline break, the wheat arrive exactly to double top target...by MUSTAPHA_AIT_ZAABOUNE1
Wheat future continue upAfter the break and pullback on 650 dollars the wheat will continue upby MUSTAPHA_AIT_ZAABOUNE111
Wheat Market OutlookHi Traders The wheat market is under the control of bulls. We Will see some further potential up move of the price of the wheat market. Thank you and trade safely. Longby Priceaction7763
divergence of wheat Future 2 signals to sell the wheat : divergence in RSI and head & chouldres patternby MUSTAPHA_AIT_ZAABOUNE1
Wheat possible head and shoulders break.Hi, I think this is a break of the head and shoulders pattern, Corn broke out this past week, soybeans have been running really strong for a while. I think it might be wheats time to move.Longby jademarvici1
Wheat time to come.. soon !On a larger scale, it seems ABC correction (2) is over. I counted ABC correction wave in smaller time frames. I think Wheat started its up-trend. TP points are shown on the graph. If requested, smaller time frame targets can be analyzed. I think in 2021, wheat price will accelerate because of supply shortages due to pandemic. Just an idea. Happy hunting !Longby shalafister1
Wheat Bull Run #WHEAT2021Wheat could potentially break a new record high in the new bull run.Longby cmachinafxUpdated 226
WHEAT Break and RetestPrice has broken above the daily falling trendline resistance area and has come back to retest and confirm it as new support. This test/rejection also coincides with the 50% fib expansion level. I'm looking for a potential move to the most recent swing high for my first target. If that level holds, then I will more than likely trail up my stop or close the position. If price continues through the level, then I will use the 161.8% fib level as my potential second target.Longby KH2_Artizan222
Wheat D1. SHORT positionWheat D1. fall - correction by Fibo 38-50% of the target. Shortby IntelfinGlobal4
Wheat Potentially BullishWheat is bearish at the moment but I anticipate a bullish move, and I see 600.00 as a good potential target in my opinion. A confirmation is required as always -but for this one, a defined swing to the upside has not happened yet. Bullish interests, Wheat -H2 At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action. Longby KhiweUpdated 0
WHEATUSD - Something's cookingWheat in October climbed more than 13%. For the past few days we see the price making a pullback and stopping at the 50MA where buyers jump in again. There are two scenarios that I see right now: 1) we have a descending triangle in-the-forming with potential break lower if bears win or 2) we are in the “digestion” period of the recently formed higher prices In either case something’s cooking and those interested in Wheat should stay vigilant and prepare for the next move. The dropping ATR value might be an indication to support the above theory as major events usually happen when the value of ATR remains low. The strong uptrend for the time being and the respect of the 50MA favour in my eyes the second scenario, but you never know with markets. Good luck traders. Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader. by A_Bouras0
Wheat breaking out of important resistancesThose that have been following me for a while know that I've had my eye on commodities and as we keep printing currencies, inflation shall follow. I expect some good moves from grains and sugar in months to come and I keep building my positions. We have a descending triangle mixed with a reversed head and shoulder pattern. This combination could lead to explosive moves short term and perhaps the establishment of a longer term trend as we move forward.Longby FXbrawler117