495-500 level proves to be a strong buy level and thus support, which it has bounced from in the past. (Outlined by green shaded line).
When Wheat is trending in one direction it typically remains within an upward or downward channel as you can see historically, as well as outlined by the shaded blue channel. As you can see, it has recently broken out of this channel.
These factors could mean a good trend reversal (long) setup, also with a good risk/reward if it goes to test the 580 resistance levels as it previously had.
What are your thoughts?
When Wheat is trending in one direction it typically remains within an upward or downward channel as you can see historically, as well as outlined by the shaded blue channel. As you can see, it has recently broken out of this channel.
These factors could mean a good trend reversal (long) setup, also with a good risk/reward if it goes to test the 580 resistance levels as it previously had.
What are your thoughts?
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.