{"id":50,"date":"2025-10-09T15:33:55","date_gmt":"2025-10-09T15:33:55","guid":{"rendered":"https:\/\/50yeartrader.com\/blog\/?p=50"},"modified":"2026-09-30T21:26:24","modified_gmt":"2026-09-30T21:26:24","slug":"wheat-futures-molokai-weak-sister","status":"publish","type":"post","link":"https:\/\/50yeartrader.com\/blog\/wheat-futures-molokai-weak-sister\/","title":{"rendered":"Wheat Futures Chart Analysis: Molokai and Pinch Down"},"content":{"rendered":"\n

Ecclesiastes 3:1 tells us there is a season for all things. I believe the season for wheat futures to begin an historic move is near. Here is the view across three time-frames.<\/p>\n\n\n\n

1-Day: A Large Molokai with a Weak Sister<\/h2>\n\n\n\n

The 1-Day chart has formed a large Molokai with a Weak Sister:<\/p>\n\n\n\n

\"Wheat
Wheat futures, 1-Day chart: a large Molokai with a Weak Sister. Chart courtesy of Investing.com.<\/figcaption><\/figure>\n\n\n\n

1-Week: A Pinch Down<\/h2>\n\n\n\n

The 1-Week has shown a full cycle of down-up-down and has formed what old-timers call a pinch down<\/strong>:<\/p>\n\n\n\n

\"Wheat
Wheat futures, 1-Week chart: a pinch down. Chart courtesy of Investing.com.<\/figcaption><\/figure>\n\n\n\n

1-Hour: A 1-2-3 Up<\/h2>\n\n\n\n

The 1-Hour has formed a nice 1-2-3 Up:<\/p>\n\n\n\n

\"Wheat
Wheat futures, 1-Hour chart: a 1-2-3 Up. Chart courtesy of Investing.com.<\/figcaption><\/figure>\n\n\n\n

Near-Term Strategy<\/h2>\n\n\n\n

I would look for a Goldilocks to form at 1-Hour and nibble at nested Setups at 15-minutes.<\/p>\n\n\n\n

TIP:<\/strong> Watch cash prices to confirm a move!<\/p><\/blockquote>\n\n\n\n

This post is educational commentary on chart structure using Goodman Wave Theory. It is not investment advice. Trading futures and FX involves substantial risk of loss.<\/em><\/p>\n\n\n\n

Good Trading!<\/p>\n\n\n\n

Michael Duane Archer<\/p>\n\n\n\n

Related Reading<\/h2>\n\n\n\n