✅WHEAT SWING LONG🚀
✅WHEAT was trading in a narrowing wedge
But now we are seeing a bullish breakout
So I am locally bullish biased
And I think that the pair will go further up
LONG🚀
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ZW1! trade ideas
Commodity Wheat idea (30/08/2022)wheat
And we expect the end of the wave ((C)) at prices of 849.00 expect the decline from the current prices, but there may be an extension in the rise to price of 872, so we should be careful in the coming period, but for the time being, the decline is in place since trading is below the 849 resistance point
WHEAT FUTURESWheat bounced back from a very strong support area and started climbing strongly and is likely to return to previous peaks
WHEAT ON A HIGH PROBABIITY TO GO UPDear investors,
According to my technical analysis, I'm expecting the price level to rise to 930.00$ after a high probability signal today.
Contact me for more details.
Long Wheat - Retrace RallyCBOT:ZW1!
Wheat might be lining up for a retrace rally.
Wheat appears to have built out a descending wedge while also printing bullish divergence on the RSI.
Price has finally broke the wedge, retested, and continued moving higher.
In that move higher, price has broke through the major descending fork that has held price for the last 3+ months.
In addition, the Perry Kaufman Adaptive MA just printed a "Buy" signal. ( Thanks, @blackcat1402 )
I'm expecting price to continue higher up to the trigger-line of this descending fork.
Plotting an ascending minor fork on the chart to project a path higher, a move to the .618 Fibonacci retracement level appears to be a likely target area.
Target = 1076 USX aka $10.76
Fat_Fat
Wheat is looking great for a long Got a nice base forming here. Could get a quick move if we get above 820 but 845 may show some resistance
Could easily retrace to 950 first, even if it eventually continues lower
forecasting WHEAT ZW in 30 minHello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
Analyse technique ZW au 24.08.2022Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like
Analyse technique ZW au 24.08.2022
commodity wheat idea (22/08/2022)wheat
The completion of wave (C) of the irregular flat wave, and we expected this to depend on trading remaining above the support point 742.50, and we expected a rise to prices higher than 820.25 to achieve the condition of the irregular wave.
Wheat LongThe wheat chart is interesting. His position can be increased if he rises above the 800 Level. Or it can be expected to exceed 800 to buy.
WHEAT Likely To Fall! Sell!
Hello,Traders!
WHEAT was trading above a
Key horizontal level
But now we are seeing a breakout attempt
So IF the breakout is confimed
Then we are likely to see
A further move down
Sell!
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A market Update SPX500 USOIL GOLD BTC WEATAll in the video, dip buyers are still in control at the moment. Next resistance point would be around 4360 if they keep rallying it up (quite possible)
what next the brack of the trend ligne and the resistantafter the brack we'r observing that the marcket start makeing up a flat patern
if the price brack the orange trend and respecting the white trend we start looking for a position to buy
and if the opposite we start looking for sale
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Pull Back FishingPossible rectangle forming.
Neutral until a trendline is broken.
2 touches to bottom trendline so far with a few other candle tails coming close to a touch.
The 20, 50, 100 and 200 moving averages need some work as well as the shorter term moving averages in the Alligator.
Moving averages can look bad until they do not.
No recommendation
Wheat Developing Triple Zigzag with Bearish SeasonalityWheat's wave count doesn't look exactly textbook, but after having counted the subwaves, I'm convinced that wheat is developing a triple zigzag. The first zigzag is disproportionately large compared to the second zigzag, but this sometimes happens in a double or triple zigzag when the first zigzag has a significant retracement.
I'm not sure how long it will take for the third zigzag to complete or how far it will retrace, but wheat has bearish seasonality until September 13, so I have drawn the down arrow until this date because it is my best guess. After more subwaves develop, I should have a more accurate estimate.
WHEAT Risky Long! Buy!
Hello,Traders!
WHEAT is again about to retest
A strong horizontal support
So I will be expecting a local move up
Towards the target above
Buy!
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Socrates on Wheat "Nobody is qualified to become a statesman who is entirely ignorant of the problem of wheat." - Socrates
And what a problem this can turn out to be! Wheat and other agriculture commodities have been hammered lately, leading many talking heads to say "Inflation has peaked". For the short term, they are probably right. However, what they are not considering is wheat had a 10+year basing formation which it broke out of and likely has started a multi year bull market. This little correction we've had looks like it's close to being done. Like Natural Gas, Agricultural commodities may start taking off again very soon.
We are at support with Weekly hidden bull divergences. It's possible this goes slightly lower, but collecting here slowly is for me, an ideal area to buy.
If the long term chart of Wheat is a cup and handle, we could see a tripling of prices over the next few years.
For those who don't trade futures, General ag commodities ETF is DBA, Wheat ETF is WEAT. The charts are very similar.
