May Wheat futures: Daily trend reversal

8 בפבר׳ 2023

This setup can lead to a larger failure of a weekly decline signal, which could cause a major move in ZW_F. I'm long May futures here, paying close attention to how it develops, if the signal isn't stopped the trade could be held for longer until the chart evolves into a higher timeframe trend potentially, that would be the ideal scenario here.
Best of luck!

Cheers,

Ivan Labrie.

10 בפבר׳ 2023

העסקה בוטלה באופן ידני

This ended up hitting the target. Formed a new signal too but not sure it will work, could reenter on retrace maybe.

15 בפבר׳ 2023

הערה

Topped at the target so far.