Soybean Meal Futures

ZM1! CBOT

HenryTruong479

Price hit the resistance zone on W and momentum got weaker. Moreover, an ending diagonal on H4 was appearing. I wait for the price that breaks the trend of ending diagonal then have a short position

dallasnewyorkhusum

I am still staying with building my short position. There is too much of a bullish consensus in the market.

dallasnewyorkhusum

all the confirmation I need to load up on bean meal. the idea is to build a good position and follow the trend.

dallasnewyorkhusum

ha! what did I say. lost of money to be made in bean meal or beans. sometimes it pays for an Aston Martin, but most people don't listen. they're to busy trading e minis...

dallasnewyorkhusum

not too late, money is made on the short side here.

dallasnewyorkhusum

Still a huge selling opportunity. Start piling in Short!

dallasnewyorkhusum

around 390 is a place to play around with a short position, or add to the existing one. It is just a try and a tricky one at best here that could pay off big. Keep an eye on the strength of the uptrend though and get out at the first sign of continuance to the upside.

dallasnewyorkhusum

it might be very early but its worth a try to carefully short right here.

IanSinclaire

CBOT:ZM1! Self explanatory.

itsabdo

Hi friends, small leg up then down for c as expanded flat = wave 4 do not forget to follow me ^^

cyclewave

Soybean Meal futures - ZM1! - It has completed ABC zigzag sequence (or 1-2-3 as impulse). The internal wave counts are also very clear. so stay bearish from current level for target zone around 305-300. There is huge divergence in indiacator indicates the possible correction ahead.

Vitamin_K

Soybean Meal - Elliott Wave forecast

ew-forecast

Hello traders, Soybean meal made a five-wave decline, down from 336.4 level, which is a strong indicator that bears are taking charge in the near-term. We can see a completed five-wave move at the end of May, when price started again recovering, however only for a three legged move. We believe a flat pattern is unfolding within a higher degree wave II now,...

culturalSucces18650

buy soybean

pengiran-

Working on the idea of ZM zigzag sequence in daily chart.

UnknownUnicorn8099325

DISCLAIMER : The content on my TRADINGVIEW profile is for informational and educational purposes only and is not and should not be construed as professional financial, investment, tax, or legal advice. Trading has large potential rewards but also large potential risk. Do not trade with money that you cannot afford to lose. The past performance of any trading idea...

Atlass_Reda

Upward ranging movement. Vigilance at the next level 298 USD