Soybean
Soybean Futures
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Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
SOYUSD overall in uptrend, looks bullish, waiting for retracement to the marked area and when it gets there pick up some longs as bulls come into the market. SL ideally below swing low. It bounced off 10.7/10.8 tops previously so do not be too gready with targets rather bank sth than end up with a loss.
Nice Accumulation, price and time, checked. Awfully expensive, checked. Plenty of room to keep falling, checked. Gapping up quite often, checked. Definitely not on my plans to trade.
Is it time now? If it closes above this trendline by the end of the week, well worth watching and keeping an eye out for entries intraday and daily.
I was inspired by a friend who was asking me about the soybean. I don't trade this commodity but it was worth looking at now. See how the price reacted nicely to the Bullish Bat at around 9.17, and now I see a potential Bearish Bat to short at around 10.23 It just goes to show that as long as the financial instrument is liquid enough, there will be Harmonic...
Soybeans is one of my favorite products to trade because of it just keeps on trending & always has reliable great setups! Just wait for the breakout on the 4 hour & the pullback ! simple Good luck, PM Me for free 3 month trial in our trading room & receive signals + learn our technique!
To the left we can see an impulse! now are in an correction. All you have to do to get in this trade is WAIT!, If it breaks don't rush into the trade just wait for the pullback it's the safe way to trade these setups. After the pullback occurs we simply wait for a close over the 10EMA then go! Simply & Easy
Simple Agricultural Chart
The bearish pattern is completed with a decisive close under the flat line
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
i see a strong falling and reaction to s/r zone but it did not return to upside ... enter to SELL position after breakout and closing below 9.3 sl = 9.5