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Trend of Bull Bias WHEAT 1H
▸When WHEAT is in Bull Bias:
- then WHEAT moved to higher Market State: 425 times — 41.7%
- then WHEAT moved to lower Market State: 595 times — 58.3%
▸Current WHEAT market energy: 42.06%
- Distance to upper bound of Bull Bias (at 60%): 17.94%
- Distance to lower bound of Bull Bias (at 20.88%): 21.18%
"Does history really repeat itself?" — 2AITRADING
After the 1H candle closes, WHEAT in the Bull Bias zone.
Market energy movement A -0.1% change from the previous candle, Market Energy is now 42.1% (previous: 42.2%).
Time in Bull Bias energy zone: 8 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 -97 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 10:00 on 26-04-2024 closed, WHEAT was in Bull Bias with Market Energy 42.1%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 0.1 percentage points from the previous candle — from 42.2% to 42.1%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 42.2%, Bull Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Bias zone?
At 42.1%, WHEAT is 17.94 points from the upper boundary of Bull Bias (60%) and 21.18 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bull Extreme with energy 84.8%; GER40 (European equities) in Neutral with energy 19.3%. Against this backdrop, WHEAT (Bull Bias, 42.1%) has higher energy than GER40; lower than SPX500.
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 Neutral with Market Energy -7.3%. WHEAT energy is currently above DXY by 49.3 points.
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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