Engulfing pattern 2
well we see that traders break through the resistance not once but twice. But, we haven't seen them near the support area with the first pattern and with the 2nd.
While I am not truly analyzing this to come to a trading plan with this specific stock/commodity. I do have additional questions with my limited knowledge. Was the stock oversold at one point? Did something happen with Wheat in the U.S.A? Is there a shortage/failed crops and this increased the price of wheat? Is there a new regulation on wheat? Do not many people purchase products with U.S.A wheat in it?
Well I think sooner or later this stock with drop steeply.
Will it drop to the 4.510 or 4.370?
A chart for me to ponder as I go through Mr. Nison's book.
While I am not truly analyzing this to come to a trading plan with this specific stock/commodity. I do have additional questions with my limited knowledge. Was the stock oversold at one point? Did something happen with Wheat in the U.S.A? Is there a shortage/failed crops and this increased the price of wheat? Is there a new regulation on wheat? Do not many people purchase products with U.S.A wheat in it?
Well I think sooner or later this stock with drop steeply.
Will it drop to the 4.510 or 4.370?
A chart for me to ponder as I go through Mr. Nison's book.
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