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Trend of Bull Extreme WHEAT 1H
▸When WHEAT is in Bull Extreme:
- then WHEAT moved to higher Market State: 0 times — 0%
- then WHEAT moved to lower Market State: 594 times — 100%
▸Current WHEAT market energy: 78.29%
- Distance to peak 100%: 21.71%
- Distance to lower bound of Bull Extreme (at 74.5%): 3.79%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
As the 1H candle completes, WHEAT in the peak Bull energy state.
Per the 2AI model, Market Energy rose 0% this candle, currently 78.3% (previous candle 78.3%).
Time in Bull Extreme energy zone: 2 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 -94.5 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 01:00 on 23-03-2024 closed, WHEAT was in Bull Extreme with Market Energy 78.3%, controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How did WHEAT Market Energy change from the previous candle?
Market Energy was nearly unchanged from the previous candle, holding around 78.3%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 78.3%, Bull Extreme — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Extreme zone?
At 78.3%, WHEAT is 21.71 points from the upper boundary of Bull Extreme (100%) and 3.79 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Extreme 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 Neutral with energy 13.3%; GER40 (European equities) in Bull Extreme with energy 78.4%. Against this backdrop, WHEAT (Bull Extreme, 78.3%) has higher energy than SPX500; sits in the same state zone as 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 58%. WHEAT (Bull Extreme) and DXY currently sit on the same Bull side.
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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