Wheat
Uptrend in wheat with clear targetBit of a longer term idea. We see a clear support line, heading up. Forms a decent basis for wheat prices. It shows a few high's over the last years, which form a clear target.
Take length with your own preferred SL/TP.
Trading is not about copying but about forming your own opinion.
Wheat forming Lower HighKey levels Identified
- Black line : Monthly Resistance
- Maroon line : Monthly Open
Weekly Timeframe
- Third retest of Monthly Resistance level
- Last week candle close as an inside bar suggests consolidation, Expansion might be coming soon
Daily Timeframe
- Confirmed Bearish Pinbar with a close below its low
- Local 0.618 Fibonacci Retracement level
Idea: Looking for a retrace to ride to the downside. Unsure if this is truly a lower high as a lower high is only confirmed is there is a lower low.
WHEAT FUTURES (KE1!) WeeklyThe Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick .
Dates in the future with the greatest probability for a price high or price low.