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WHEAT is currently controlled by sellers, in the Bear Bias zone. Measured energy: -56.9%.
See the full 2AiTrading Model data for WHEAT on the WHEAT overview →
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UP–DOWN statistics for Bear Bias WHEAT 1H
▸When WHEAT is in Bear Bias:
- then WHEAT moved to higher Market State: 632 times — 56%
- then WHEAT moved to lower Market State: 496 times — 44%
▸Current WHEAT market energy: -56.88%
- Distance to upper bound of Bear Bias (at -20.88%): 36%
- Distance to lower bound of Bear Bias (at -60%): 3.12%
"Does history really repeat itself?" — 2AITRADING
Right as the 1H candle closes, WHEAT in the Bear Bias zone.
On trend energy, Market Energy at -56.9%, up +13.5% from -70.4% in the previous candle.
Time in Bear Bias 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 -89.2 to +99.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was WHEAT on 1H when this candle closed?
When the 1H candle at 17:00 on 21-02-2024 closed, WHEAT was in Bear Bias with Market Energy -56.9%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 13.5 percentage points from the previous candle — from -70.4% to -56.9%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at -70.4%, Bear Critical — when this candle closed, WHEAT moved up to a higher zone: Bear Critical → Bear Bias.
Where does WHEAT energy sit within the Bear Bias zone?
At -56.9%, WHEAT is 36 points from the upper boundary of Bear Bias (-20.88%) and 3.12 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear Bias 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 Bias 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 Bear Critical with energy -72.4%; GER40 (European equities) in Bull Bias with energy 38.8%. Against this backdrop, WHEAT (Bear Bias, -56.9%) has higher energy than SPX500; lower than 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 Bias with Market Energy 55.5%. WHEAT (Bear Bias) 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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