ONE44 Analytics Reveals Long-Term Fibonacci Retracements in Grain Markets
ONE44 Analytics has created a new video explaining how to find long-term Fibonacci retracements even when the current contract is at its all-time high (ATH).
The company suggests using the Continuation chart for the current contract being analyzed, which was a technique used by W.D. Gann.
For assets like the SP 500 Futures and Gold, they usually use the Nearby continuation chart, but for Grain and Livestock markets, it's better to use the Continuation chart on the month being traded, as there can be big gaps when contracts roll over.
The video showcases key 38.2% Fibonacci retracements for Corn, Wheat, and Soybean Meal at their current levels.