One month cycle in wheat: The turn points

Cycle last from blue to blue.
The yellow lines represent points within the complete cycle where trend is likely to change +/- 1 day.
Using these dates along with a chart of price (support/resistance) should give indications of when to take positions.

Commento:

Hah, it is almost 2 months, sorry for the misleading title ;)
AND: This cycle has a BEARISH bias.

Commento:

For today I would love to see a bullish bias with sort of double top movement and to then take short to hold until 22nd of August.

Trade attivo:

Put contracts entered

Commento:

Commento:

Brutal slamdown on report. Continuance bearish till 22nd

Trade chiuso: obiettivo raggiunto:

Closed shorts. Awaiting new position after this trading day

Trade attivo:

Went long. Risky trade as we are in downtrend. 5 % margin impact.