Soybean futures - ZS - It seems completed impulse up cycle of C wave up. But yet not confirmed the next correction or bearish cycle. if price crosses above last major high, then it may continue the further upside, but if price falls below 4th wave then it will start correcting down.
@CycleWave Good stuff... Been extending much further than many could've guessed at this point, intermediate term.
Thoughts on this?... Quite possible that the current up-move from Dec 2 low looks to be a wave (7) that we still need a ~2-day pullback and then new highs to complete. We'd still have (8) correction and (9) left on this more macro view.
EWFcw
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@farmerisland, It's absolutely possible. because when wave starts extending, it is hard to predict the point when and where it ends. It is also depending up on USD.
Thoughts on this?... Quite possible that the current up-move from Dec 2 low looks to be a wave (7) that we still need a ~2-day pullback and then new highs to complete. We'd still have (8) correction and (9) left on this more macro view.