Buy the dip on #WHEATThe pressure on wheat prices due to oversupply mostly priced, and wheat take off is loading. The potential is almost 3x in long-run. Let's watch it!
Breakout Parallel Channel, LONG?
To form a H&S pattern? And, also breakout a parallel channel for a uptrend, set a SL and my target price to hit the right shoulder line.
Hope my strategy work.
WHEAT, start planting now for a MASSIVE HARVEST...WHEAT: BOUNTIFUL HARVEST SOON... if you seed at the current price range.
KEY NOTES:
WEEKLY DESCENDING TRENDLINE BREAKOUT.
Monthly shifting price lines. HUGE HINT!
Weekly histogram higher lows.
MONTHLY HISTOGRAM SHIFT -- CLOSING UP TO BREAK SOON.
SEEDED LONG (long term) 628.0
TAYOR.
Safeguard c
WHEAT - RSI, exhaustion of global markets, negative news LONGDear All
this idea is just an idea not a trading advise! My view on the Wheat market that has been dropping for a while moving away from a EMA200 (daily) and RSI levels, divergency all signals telling me...time to Long!
S/l as indicated, T/P at Fibonacci levels close to resistance
WHEATF / Bullish Up movementI think it's time for a little more adjustment. The set targets are standard and I think all three ones will be reached without much effort.
Please, share your opinion!
WHEAT Graphic ReviewWhen the WHEAT 4-hour chart is examined; It is observed that the price movements continue within the downward sloping wedge. As long as the WHEAT price level of 531 is not broken down, it is evaluated that in price movements above the level of 543, it can cross the level of 565 and target the level
long on wheat*for my own notes and trades so I get better**
On the 22nd it dumped to 498.8 and returned rapidly to 509.9 and over a few days returned to the low and one solid green candle bounce and we are off again.
March 24 low 515
October 23 low 522
August 20 492
I feel the recent low is a wild over reac
Wheat bullish possibilityBased on the seasonal trend, wheat appears bullish and is currently rejecting a key Fibonacci level. There’s divergence visible on the chart, and recent COT data indicates an increase in long positions over the past week.
#WHEAT chart pattern analysisAs can be seen, price managed to break above an ending diagonal and established a bullish structure in 1H and 4H timeframe.
Therefor, I would be looking to buy a bearish corrections unless the way of evidence show or prove to me otherwise.
Let me know if you would like me to publish an analysis i
Next leg up - wheatHistorical price action analysis indicates, at least since september 2023 that there is a high likelihood od of a price rebound from current levels to at least 570. My first position is in, will analyse how price unfolds from current levels and eventually reinforce.
A drop below 520 cancels my read
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Displays a symbol's price movements over previous years to identify recurring trends.
