XW1! trade ideas
WHEAT FUTURES an important opportunity to sell signal sell ZW a high volume up down with the breakout of the vwap means that the market will decrease so it is an opportunity to sell
an important opportunity to sell
wheat ideaHi friends,
wheat long to 618 as new wave 1 of the 3, then down for wave 2, the count will be 1 2 1 2, will update it when it done after that boom 3rd wave.
do not forget to follow me ^^
Socialist Oil Countries are going to starveThe price is dropping very rapidly, as I want it too. So I better make this quick.
Demand is up because of humans but also animals, production not great.
"A wet winter and dry spring in the UK is set to yield its smallest crop since 1981, Carr’s Flour said in its monthly market report."
I watch some agricultors on youtube, west europeans barely make money if they are not industrials, and 1 guy had a poor harvest that caused him to be in the red for the year.
The European Commission came up with a decline of surplus exports of 5.7% for the EU + UA + RU.
Argentina had low yields because of poor rainfall.
The USA also had a bad harvest, and their stocks are almost empty last I checked.
Socialist Oil country must be panicking, maybe they make some orders before the price gets even higher, for example Algeria is emptying its forex reserves that have been on a decline for 20 years already, the Oil prices are really finishing them off. Only a few years to "this was not real socialism".
Could go higher and then even higher. Could be a monster. If I get filed. Got maybe a bit greedy with the far away entry and tight stop I can't help it.
The price is bouncing but maybe the next candle fills me doing something like this here:
Let's profit off starving socialists! There is no better feeling.
ZW Looking at Fib levels, RSI levels, Momentum, and time cycles.Watching for a reversal confirmation at this extension of 1.3X which will be a repeat of the last extension. Most recent extensions and retracements are Fib numbers which are shown in green. The others that aren't are shown in red. This is a thesis and something I'm watching for confirmation.
Rounding bottomWheat is about to explode here.
Rounding bottom pattern being accumulated this long the target could be extended for 2x or even 3x
###NOT FINANCIAL ADVICE###
