Wheat

(ZWN25) 

The chart is key to this analysis.
 

When following the ONE44 Fibonacci rules and guidelines we know,

The 38.2%  retracement is the single most important level and is the one we use as the "Golden Rule". This rule being, " any market that is going to keep its current trend must hold 38.2%". As long as it does the trend will continue and it should make new highs/lows from that retracement. 

ZWN25

Looking back to the high on 2/18/25 it hit 38.2% back to the contract high at 628.00, it has one close above it, which is always ok and the next day was right back below it and the setback from there took it to a new low. This happened two more times on 3/17/25 and again on 4/11/25. The latest time it hit 38.2% was on 5/21/25 at 556.25, this was also a major Gann square. It has yet to make a new low and a failure to do so will be the first sign that a trend change is possible, however it will have to take out 556.25 (38.2%) to turn the short term trend positive. There is more on this in the video link below.

We have done a new video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. In it we cover Grains/Livestock and Gold, SP500, Bitcoin & DOGE Crypto.

You can find it here.

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Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.

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You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.

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