Soybean Meal Futures

ZM1! CBOT

TheCommoTrader

Price started to form a liquidity zone in last week's trading and we started to see a liquidity grab move with a minor engulfing pattern at the last hours of the Friday session. Price hit the lower lows of the liquidity zone and then form an engulfing candle. We could buy the retest here with targets above 440. Always follow your trading plan regarding entry,...

abel11

Hello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.

MuhsinKay

Meal has bypassed the critical zone of 384.7 - 435.8 with a monthly retracement way overdue. We have also arrived at the point where we were able to see from past rallies that this zone of pricing always indicated a reversal/retracement. We should be able to see a July '08 kind or May '12 kind of movement that will take place, hence, critical zone. Unless, the...

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

UnknownUnicorn4465547

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

UnknownUnicorn4465547

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

UnknownUnicorn4465547

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...

UnknownUnicorn4465547

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

UnknownUnicorn4465547

Still a huge selling opportunity. Start piling in Short!

UnknownUnicorn4465547

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.

UnknownUnicorn4465547

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.