LEONES
Long

Soybean bottom = W formation

CBOT:ZSH2013   SOYBEAN FUTURES - ECBT
394 7 2
Soybean posted a clear double bottom last Friday. This coincides with major support and long term trend line. I would buy above Friday high with a short term target at 1433             . A bigger W formation is also forming in the chart but needs to be confirmed later. Feed back please!
twolines
3 years ago
I think it is a great trading opportunity. Certainly I will go long above Friday's high. Depends how it goes, but my first target will be your's current down trend line. There is potential to develop into long term bullish market. Thank you for posting.
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LEONES PRO twolines
3 years ago
Last friday was USDA crop report. It seems a lot of volume went short thinking of a breakout of the support and continuation of the downtrend but then the price retraced back to the opening price...i think this is a good time to enter long
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twolines
3 years ago
Thank you for posting. I certainly will go long above Friday's high, but my target will 1460~ (there is your's trend line). I think this is great trading opportunity.
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Mytradersblog
3 years ago
Man You are GREAT !!!
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twolines
3 years ago
Great trade.
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LEONES PRO twolines
3 years ago
Thank you. Perfect pattern!
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LEONES PRO twolines
3 years ago
gap up today looks good for another entry
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