Friday, July 19, 2024

#Wheat Review $WEAT #ZW_F

Wheat Review
Short-term price fluctuations do not influence long-term trends, cycles, and profitability. The majority, guided by price trends and emotions, concentrate on short-term trading noise rather than cyclical trends of price, time, and energy. This focus creates confusion, frustration, missed chances, and typically leaves them holding the bag during trend shifts. Investors can sidestep this pattern by embracing the Evolution of the Trade and aligning with the minority.

Wheat's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

Capitulation is the hallmark of bottoms.

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Capitulation, the discriminant selling into a decline, usually takes place at trend inflections. Trend inflections are more common when the primary trend's price and/or time cycles are extended and a concentrated bullish energy build exists. The energy builds are even more powerful when participation collapses, and spreading activity surges.

Wheat, the leader to the downside in grains, is not showing the classic signs of capitulation. Energy is neutral, participation is high, spreading activity is low, and long-term primary trend cycles are not extended. The computer studies wheat into the early 1800s. Ag would be wise to wait for the classic footprint of bottom, and understand the risks for continuation.

The Wheat Report regularly discusses these points with an overall timing strategy.

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The Matrix provides market-driven trend, cycles, and intermarket analysis.