I previously shorted wheat 1 pip from the top and it was a very nice trade (although I closed too early around 3.99 or so). Price bounced from the .382 fib of the larger up move but the price action in the current area looks weak. I am looking to re-open shorts at the levels in the chart but only if no warning signs are present -- big bullish candles, oversold RSI , etc.
This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!
This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!
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I am watching the current level and for the possible completion of an AB=CD pattern
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Still have not entered...wait for confirmation of rejection...patience is a virtue!
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Nice rejection. I had the option to short at the close of the last 15 minute candle but woosed out lol. I have an order placed to short ZWH7 at 423 but not optomistic it will get picked up.
Either way it is still educational for me to track this idea!
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Whoa! Stopped out and watching price action closely to determine whether it's worth re-entering
Trade active
Quick fingers today! I had shorted 423, got stopped out 424.25 (5 pips) and was able to re-enter after the rejection of 430 at 427.25.
Stops are above the spike now at 430.25.
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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.