From the beginning of 2025, it's been nothing but pain in the markets; bearish prices on bearish prices and it's not looking like it's the ends.
But wheat happens when the market is trading one way for a long time is you tend to have short squeezes. This is where traders place and trail their stop losses above recent highs with the expectation that the market will not reverse back into the highs before continuing lower.
I believe something like this can play out this week It all depends on Sundays opening....
But wheat happens when the market is trading one way for a long time is you tend to have short squeezes. This is where traders place and trail their stop losses above recent highs with the expectation that the market will not reverse back into the highs before continuing lower.
I believe something like this can play out this week It all depends on Sundays opening....
Trade active
So far, Dollar Index is not trading how I would like it to as we have seen yesterdays price action close lower than the NWOG low created last week.
Going forward, I want to see aggression to and through the upper and lower NWOG with the first point of interest being 100.163
Note
Bullish bias still in motion.
Scoping the relative equal highs with the 1st point of interest being 99.939
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.