TradingView
adriel.arrasmith
Mar 11, 2020 4:13 AM

Soybeans Soon to Move to 1080 Long

Soybean FuturesCBOT

Description

Soybeans is currently in a large wedge pattern that once breaks won't complete until 1200. We also are diverging and oversold on multiple time frames. We have counted 1 wave up and the beginning of a completed wave 1 of 3. The most powerful move will be soon being a wave 3 of 3. My target for wave is at least 1080 based on fib levels and the previous resistance. Invalidation of this view will be a move below 840.
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