Wheat: Bottoming pattern?
Updated
The wheat chart has a very interesting and huge terminal triangle in the weekly scale.
You can enter long as depicted on chart, and aim for the high volume node above, or even the start of the terminal triangle if it were to be valid.
As you can see in the related ideas, it's highly probable that the dollar has topped in the long term, and the macroeconomic landscape favors an increase in agricultural commodities.
Good luck,
Ivan Labrie
You can enter long as depicted on chart, and aim for the high volume node above, or even the start of the terminal triangle if it were to be valid.
As you can see in the related ideas, it's highly probable that the dollar has topped in the long term, and the macroeconomic landscape favors an increase in agricultural commodities.
Good luck,
Ivan Labrie
Trade active
New highNote
Such a beautiful trade...bravo me. :pHope someone took it.
Note
Soaring beautifully.Note
It's not looking good after hitting the first resistance.Note
We have a nice base here.Note
Failure to hit the target on chart in 2 days would imply there's pending upside here.
Note
We can add to longs at market, stop: 470
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