hopscotch

March Soybean Head and Shoulders

Short
hopscotch Updated   
CBOT_MINI:XKH2019   Soybean Mini Futures (Mar 2019)
It appears Soybeans has created a last shoulder of an H&S. Now at pivot. Neckline at 890. Projected fall to height of last shoulder below S2 868'2. Possible double bottom at S3 845'2.
Comment:
Soybeans nearing H&S neckline. Will it continue through and down to S1, or will it rebound? Concerns on Chinese purchases are driving the market down.

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