Wheat appears to be putting in a rounded bottom structure at the 1980's prior all time high.
Despite having a large H&S pattern painted, oscillators and the apparent accumulation structure suggest this pattern will fail or woefully underperform.
If this H&S fails the consequences will be epic.
I would treat this trade as a long term position trade aimed at capturing some value from the upcoming Trump tariffs.
Thanks! : )
Despite having a large H&S pattern painted, oscillators and the apparent accumulation structure suggest this pattern will fail or woefully underperform.
If this H&S fails the consequences will be epic.
I would treat this trade as a long term position trade aimed at capturing some value from the upcoming Trump tariffs.
Thanks! : )
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