WHEAT - Purple War Zone!WHEAT is overall bullish trading inside our blue and brown rising broadening wedges so we will be looking for Trend-Following Buy setups as it approaches the lower trendlines.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the brown trendline and blue trendline.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
