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| Price | ▼ 0.26% | ▲ 0.04% | ▼ 0.12% | ▼ 0.55% |
| Energy | ▼ 4.8 | ▼ 3.2 | ▼ 4.2 | ▼ 152.7 |
Trend of Bear Critical WHEAT 1H
▸When WHEAT is in Bear Critical:
- then WHEAT moved to higher Market State: 501 times — 63.3%
- then WHEAT moved to lower Market State: 291 times — 36.7%
▸Current WHEAT market energy: -69%
- Distance to upper bound of Bear Critical (at -60%): 9%
- Distance to lower bound of Bear Critical (at -74.5%): 5.5%
"Let data guide you, but never trust it completely" — 2AITRADING
Bear trend energy near extreme determined for WHEAT through the 1H candle data.
End-of-session energy readings on 1H, Compared to the previous candle (83.7%), Market Energy dropped -152.7% to -69%.
Time in Bear Critical energy zone: 1 1H Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, WHEAT Market Energy ranged from -96.1 to +97.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did WHEAT price and energy show when this 1H candle closed?
When the 1H candle at 15:00 on 22-11-2023 closed, WHEAT was at 582, down 0.55% from the previous candle (585.2). Market Energy was -69%, down 152.7 points from 83.7%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 582, down 0.55% from the previous 1H candle (585.2). This drop is larger than 86% of past drops on the 1H timeframe for WHEAT, across 1,589 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 152.7 percentage points from the previous candle — from 83.7% to -69%. This is the largest of all drops on the 1H timeframe for WHEAT on record since 2019.
Do WHEAT price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 83.7%, Bull Extreme — when this candle closed, WHEAT moved down to a lower zone: Bull Extreme → Bear Critical.
Where does WHEAT energy sit within the Bear Critical zone?
At -69%, WHEAT is 9 points from the upper boundary of Bear Critical (-60%) and 5.5 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear Critical is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Critical definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 27.6%; GER40 (European equities) in Bull Extreme with energy 86.3%. Against this backdrop, WHEAT (Bear Critical, -69%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 81.8%. WHEAT (Bear Critical) and DXY currently sit on opposite sides.
See the real-time energy chart for WHEAT.
Open Energy ChartSee the full 2AiTrading Model data for WHEAT on the WHEAT overview →
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