Analysis

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Candle close
Price and energy
WHEAT from 713.78 to 712.78, down 0.14%
Market Energy Bear Extreme -82.5% to Bear Extreme -85.0%, down 2.6 pts
Down candle #2 in a rowPrice and energy are in agreement
Price and energy change · last 4 candles
Price0.03%0.31%1.61%0.14%
Energy18.216.466.42.6
Volatility trend chart · last 4 sessions
0.03% 0.31% 1.61% 0.14% 18.2 16.4 66.4 2.6
priceenergy up · down
Volatility · vs history since 2019
Price down 0.14% — higher than 14% of past drops
0%255075100%
Energy down 2.6 pts — higher than 16% of past drops
RESEARCH

Trend of Bear Extreme WHEAT 4H

Sample: 170 4H candles from 2026-07-23 to 2026-09-22
Number of Bear Extreme occurrences: 10 times

When WHEAT is in Bear Extreme:

  • then WHEAT moved to higher Market State: 10 times100%
  • then WHEAT moved to lower Market State: 0 times0%

Current WHEAT market energy: -85.05%

  • Distance to upper bound of Bear Extreme (at -74.5%): 10.55%
  • Distance to bottom -100%: 14.95%

"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING

WHEAT · H4 · 2026-09-23 05:00 UTC
Preview the last 30 candles — price and energy
View live WHEAT chart →
Market Energy
-82.5%
Bear Extreme
-85.0%
Bear Extreme
Expected at
20:10
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

Observing the completed 4H candle, WHEAT reflects the Bear Extreme state.

The energy side shows Market Energy dropped -2.6% this candle, currently -85% (previous candle -82.5%).

Time in Bear Extreme energy zone: 2 4H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, WHEAT Market Energy ranged from -85 to +17.4.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did WHEAT price and energy show when this 4H candle closed?

When the 4H candle at 12:00 on 23-09-2026 closed, WHEAT was at 712.78, down 0.14% from the previous candle (713.78). Market Energy was -85%, down 2.6 points from -82.5%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.

How much did WHEAT price move on this 4H candle, and how large is that historically?

WHEAT closed at 712.78, down 0.14% from the previous 4H candle (713.78). This drop is larger than 14% of past drops on the 4H timeframe for WHEAT, across 172 candles since 2019.

How did WHEAT Market Energy change from the previous candle?

Market Energy fell 2.6 percentage points from the previous candle — from -82.5% to -85%. This drop is larger than 16% of past drops on the 4H timeframe for WHEAT.

Do WHEAT price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.

What state was WHEAT in on the previous 4H candle?

The previous 4H candle had WHEAT at -82.5%, Bear Extreme — this candle kept the same state, no zone change.

Where does WHEAT energy sit within the Bear Extreme zone?

At -85%, WHEAT is 10.55 points from the upper boundary of Bear Extreme (-74.5%) and 14.95 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.

What does Bear Extreme mean?

Bear 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 Bear 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 Bull Bias with energy 34.1%; GER40 (European equities) in Bull Bias with energy 27.8%. Against this backdrop, WHEAT (Bear Extreme, -85%) 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 82.5%. WHEAT (Bear Extreme) and DXY currently sit on opposite sides.

Real-time Energy Chart

See the real-time energy chart for WHEAT.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for WHEAT on the WHEAT overview →

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