WEAT UpdateSlowly crushing all levels put out previously
There is absolutely nothing going against this trade:
1. Inflation is positive for the price
2. Logistics and all of the shipping BS is positive
3. Winter is coming...can harvest more supply until next year
4. What am I missing?
5. You know what happens after you put a claw like looking rounding bottom like this?
It is just getting started. Plenty of notice given.
Weatlong
WEAT under pressure?Not really. Instead it's building pressure!
All the messing around in the sideways area (dark red) is usually managed to "load the boat".
If price breaks out to the upside, there's even a chance that we could forget to find a entry like I have projected with the arrows.
What also pops into my eyes is the slightly exponential curve that's begin to build with the last couple bars...
Putting the Toe into the water is not a bad Idea for me. If the scenario becomes real, I would load up on new pullbacks.
P!