Wheat's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
From a chart reading perspective and my indicators – wheat is poised to make a move higher but with negative energy and over 2 standard deviations above marking a strong uptrend……how could this rally?
Wheat's composite trend is out of alignment. The daily trend is down, but the secondary and primary trends are up. Continuation of the rally requires the composite trend to realign to Triple Up. Is this possible given the weekly cycle scores and energy profile? This is an important and rather complicated question that requires an in depth discussion. The answer will include detail discussion of the composite trend, cycles, and energy. It will also touch in the importance of understanding the probabilities of following the primary trend without a Reset(R), and the opportunity cost of forcing a low probability trade when higher probability ones exist.
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