May Wheat futures: Daily trend reversal

This setup can lead to a larger failure of a weekly decline signal, which could cause a major move in $ZW_F. I'm long May futures here, paying close attention to how it develops, if the signal isn't stopped the trade could be held for longer until the chart evolves into a higher timeframe trend potentially, that would be the ideal scenario here.
Best of luck!

Cheers,

Ivan Labrie.

Trade closed manually

This ended up hitting the target.

Formed a new signal too but not sure it will work, could reenter on retrace maybe.

Note

Topped at the target so far.

IvanLabrie

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$WEAT: Nice trend reversal

by IvanLabrie

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