A possible bear gartley for May Soybean. Above the 20 day moving average. Next target R1 at 313.7
Entry: 310 Stop loss: 305 Target: 320 1/19: move stops to 311 ZM bounced at strong support/multiple bottoms
Trading Signal Short Position (EP) : 319.4 Stop Loss (SL) : 320.3 Take Profit (TP) : 317.6 Description ZMH2019 formed Turtle Soup at 1d time frame. Trade setup with Sell Stop at 0.382 Level (319.4) and place stop after 0.618 level (320.3). Once the position was hit, place take profit before an agreement (317.6) Money Management Money in portfolio :...
Meal is setting up for a H&S drop. Neckline comes in at S1 at 304.3. If the bears can force it through the neckline and stay below S2 that would be next target at 298.6. Minimal drop would be last shoulder which would take us to just above S3 at 289.3. RSI isn't all that great for a drop, but we will see. There is also a contentious bull flag here so one or the...
According to Larry Williams if we make a higher low we can be buyers here - targets are 330-335
RSI14 crossed below 40 level on Daily TF.
Trading Signal Short Position (EP) : 330.6 Stop Loss (SL) : 335.4 Take Profit (TP) : 311.3, 0 Description ZM formed Double Repo Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (330.6) and place stop after 0.618 level (335.4). Once the position was hit, place take profit before an agreement (311.3) and 0 Money Management Money in...
Key level = 336.1 Focus to the downside for wave 3 of 5. key level must hold for this 1-2-1-2 setup.
KEY LEVEL = 336.1 And so it begin, wave 3 that we all waiting for. The attention is now focus to the downside. For this wave 3 idea, the price shouldn't and have no business to go beyond our key level.
Soybean Meal is trading sideways inside a 1D Rectangle (325 - 341) since late June (RSI = 46.257, CCI = -35.7793, Highs/Lows = 0.0000, Ultimate Oscillator = 49.818). Our optimal strategy involves scalping within 326.60 - 338.10.
KEY LEVEL = 341.5 Im working on 1-2 wave setup for ZM, Expecting a declining in price to complete wave 5
Wheat is showing the way for a possible up move for SM. FIrst upside target is breaking through 335, then pivot at 344.2. We will be coming to the end of pivots soon replaced with new ones, but pivot will be lower along with R1 and R2.
Soybean meal. Momentum still to the down side. waiting for wave 4 to complete.