C1FI34 trade ideas
My study on Ascending triangle as Phase C on Wyckoff with CFRecently, I was exposed to Wyckoff Events and Phases and discovered that the triangles I use is a Phase in Wyckoff Events
Therefore, they get more significance even to those who doubt this amazing pattern,
This specific ascending triangle is Phase c in the Accumulation Schematic of Wyckoff where bottoms r made.
Let's c how and if it works by the book?
CF - DAILY CHARTHi, today we are going to talk about CF Industries Holdings and its current landscape.
We can expect an increase in volatility and speculation around the fertilizer company CF Industries Holdings . Since, Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by the government since the negligence of the government in obligate smaller oil refineries to respect the requiring quota of biofuel use, which resulted in a restrained demand growth and a squeezing of prices.
Now, after the walk through the darkest valley, U.S farmers start to once more see the light as Trump, seeking to regain their trust and votes from the region that back in 2016 supported him to the most. The President has been using the so-called "phase one" of this attempt of Trade Deal to force China to buy $50 billion of their agricultural goods, Trump it's wanting so badly to reclaim its title of champion of the farmers that it's pushing to the signature of the deal, to be on the farmer state of Iowa. The only thing in the way is to the deal be concretized, which might just get a bit harder as Trump has signed Hong Kong Human Rights and Democracy Act of 2019, giving support to Hong Kong protesters, and most possible dragging China ire towards the U.S considering the sensibility of China regarding its internal affairs.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
CF Industries sideways action The stock reached buying level at 35.80$, touched the 200 EMA, the trend line and a bullish divergence was in place. Currently at 39.08$ the ultimate target is 44.50$, with a hurdle at 40$ level. a close below the 200 EMA which seems to be tracking the last price swing well, will invalidate the scenario.
Survivor of the biggest point drop In History #9 (CF)These things happen: If you look the red arrow at the end of October there are a failed resistance breakout and then again the price hit that level (37.30) and broke with authority now there are a pullback in progress with your respective swing low.
Note: Watch the two past candlesticks of the last weeks, but not conceptualize