$WHEAT tapping anchored VWAP from the low (orange line) — potential long setup but not clean.
Problem: $707 resistance overhead caps the upside. You'd need to scale out there or drag stops to breakeven fast to protect the trade.
Better entry: waiting for $644 support (blue line) to align with the upsloping yellow trendline. Cleaner risk/reward, tighter stop, more room to run if it holds.
No setup yet — patience pays. Let the level come to you.
Problem: $707 resistance overhead caps the upside. You'd need to scale out there or drag stops to breakeven fast to protect the trade.
Better entry: waiting for $644 support (blue line) to align with the upsloping yellow trendline. Cleaner risk/reward, tighter stop, more room to run if it holds.
No setup yet — patience pays. Let the level come to you.