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Mar 21, 2017 6:55 PM

Soybeans Doji Series with Harami Long

Soybean Futures (May 2017)CBOT

Description

May Soybeans has formed a series of long legged dojis at the end of a completed bullish Butterfly that are rising. This could be a rising flag that will create further downside selling, or turn to and upward movement. Waiting for confirmation. Open Interest is slowly rolling suggesting a turn, and RSI is very bearish. Today marked a harami reversal pattern. We are forecasting a Gartley as next pattern to resistance at 1036

Comment

Soybeans continues downward off of bearish flag into Butterfly extension. Target 957'6
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