Mar 12 22-Wheat Buy? Will it go to ATH?So is it time to buy? Wheat ended going on a tear today - straight up!!
Question is .... for all of you who didn't get in on the profits today, do you get in now and go long? Or do you wait for a Sell Signal and go short?
Hard to say - I did make some money today going long, but I TP wayyyyy too early. Anyway, now I'm in the same boat as you guys - get in now or wait?
Went up 100 points at the evening open - I shoulda put in a Buy Order right away - missed that one too.
Thoughts anyone?
Heiko
ZW1! trade ideas
Wheat Futures ( ZC1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1196'4
Pivot: 1154'2
Support : 1132'6
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1154'2 in line with the 38.2% Fibonacci retracement and and 78.6% Fibonacci project.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the pullback support.
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1132'6
Pivot: 1106'4
Support : 1084'4
Preferred Case: With price breaking above the ichimoku cloud and making a new high on the donchian channel, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance and 100% Fibonacci projection from our pivot in line with the pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 50% Fibonacci retracement.
Fundamentals: No Major News
WHEAT Bullish Bias! Buy!
Hello,Traders!
WHEAT is trading below a key horizontal level
And has formed a kind of a bullish triangle
Which paired with the coming food shortages
Make me bullish on this commodity
And I that after the bullish breakout
The price will move higher to retest the peak above
Buy!
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See other ideas below too!
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1132'6
Pivot: 1106'4
Support : 1084'4
Preferred Case: With price breaking above the ichimoku cloud and making a new high on the donchian channel, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance and 100% Fibonacci projection from our pivot in line with the pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 50% Fibonacci retracement .
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1132'6
Pivot: 1106'4
Support : 1084'4
Preferred Case: With price breaking above the ichimoku cloud and making a new high on the donchian channel, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance and 100% Fibonacci projection from our pivot in line with the pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 50% Fibonacci retracement.
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1132'6
Pivot: 1084'2
Support : 1068'2
Preferred Case: With price bouncing off the ichimoku cloud support, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot in line with the horizontal swing low support and 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement.
Fundamentals: No Major News
Soybeans Futures ( ZS1! ), H1 Bullish rise!Type : Bullish rise
Resistance :1143'0
Pivot: 1122'0
Support : 1105'2
Preferred Case: With price moving above the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement .
Fundamentals: No Major News
Wheat Futures ( ZS1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1143'0
Pivot: 1123'0
Support : 1105'2
Preferred Case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement.
Fundamentals: No Major News
Soybeans Futures ( ZS1! ), H1 Bullish rise!Type : Bullish rise
Resistance :1143'0
Pivot: 1122'0
Support : 1105'2
Preferred Case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement.
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 11122'2
Pivot: 1105'2
Support : 1080'4
Preferred Case: With the MACD indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 50% Fibonacci retracement and horizontal pullback support from our pivot of 1105'2 in line with the 23.6% Fibonacci retracement and the horizontal overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the 127.2% Fibonacci extension and horizontal swing high resistance.
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance : 1105'2
Pivot: 1081'4
Support : 1065
Preferred Case: With price moving above the ichimoku cloud and and the recent break of the descending trendline which signifies bullish momentum, we have a bullish bias that price will rise to our 1st resistance in line with the 1105'2 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot of 1081'4 in line with the 61.8% Fibonacci retracement and the horizontal overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1065 in line with the 50% Fibonacci retracement and the horizontal pullback support.
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Bearish dip!Type : Bearish drop
Resistance : 1105'2
Pivot: 1080'2
Support : 1042'4
Preferred Case: With price expected to reverse off the stochastics indicator, we see a potential bearish continuation from our pivot level of 1080'2 which is in line with 61.8% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1042'4 which is in line with the horizontal swing low support and 61.8% Fibonacci projection .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1105'2 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Bearish dip!Type : Bearish drop
Resistance : 1105'2
Pivot: 1080'2
Support : 1042'4
Preferred Case: With price expected to reverse off the stochastics indicator, we see a potential bearish continuation from our pivot level of 1080'2 which is in line with 61.8% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1042'4 which is in line with the horizontal swing low support and 61.8% Fibonacci projection.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1105'2 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No Major News