I suspect a trend-change coming soon and getting ready to long.
Komentarz:
29th I believe will be the day to back up the truck on this one.
Komentarz:
Correction: 31st.
Komentarz:
Komentarz:
Its crushing sentiment well... That bodes well for the upcoming long position. I will calculate how long I will keep the position so I can buy call options that are fit for the fight.
Komentarz:
I will most likely enter into 3 month option duration.
Komentarz:
First position entered.
Komentarz:
Entered second position earlier today when it was up about 0.5 %.
Now we are at the 31st where I expected the big trend-change to occur. And boom. Here we go!
Now we are at the 31st where I expected the big trend-change to occur. And boom. Here we go!
Komentarz:
Now at lower resistance zone (red lower line). If it can get above that line and a weekly close above, its good. If it can get above both, it would be perfect (but perhaps a bit too much to ask this early). Let's see!
Komentarz:
We're in the middle of breakoutzone. Now we need to take out the second red line, and we're home free.
Komentarz:
Arrived at upper red line. Here it may be wise to book some profits and rather re-add after closing above. Better safe than sorry :)
Komentarz:
Re-added at lower line.
Komentarz:
Expect a STRONG Friday finish in wheat! Good luck!
Komentarz:
3 %? Indeed.