Soybeans to be flipped in the weekly pan!We have entered into acceptance with a previous range's value and also got rejected into its POC. Up next is the VAL as the support
Presented are two setups. 7.17 short and 7.09 long.
Soybean Oil : A potential bull phasePrice retreated 0.786% of the entire bull run and confluence with wave C supporting at 0.618 of wave A presents a call for closer scrutiny. The upswing displayed a 5 wave overlapping sequence which can be interpreted as a leading diagonal wave 1. Implication is highly probable bullish.
A third
Soybean Oil - 50 years chart, what do you see?Let's look at Fibonacci levels. The attached chart, on a logarithmic scale, spans over 50 years - that's huge! The market just bounced from the 61.8% level, confirming that the bulls are still alive. Let's switch to a lower timeframe in the next post to see if anything interesting is happening there
Soybean Oil - ultra big pictureSoybean Oil:
- 1970-1974: Prices rose from $8.6 to $48 = ~ 450% increase
- 1974-2000: Sideways movement between $15-$40
- 2000-2008: Bull market, prices surged from $15 to $70 = ~ 350% increase
- 2008-2020: Retracement to $25
- 2020-2022: Another bull market, prices went up from $25 to $
Soybean Oil // bearish expansion phaseAll 3 major timeframes (MN, W, D) are bearish, and the market is in a short expansion phase.
The idea is valid while the daily is waving south.
GoldMonday I talked about a number of markets here but I focused on the gold market because it took a $9000 reversal lower. this really is not a big deal but there are ways that you can spend your time efficiently make trade decisions that will be beneficial for you..... in this particular case i
Soybean oil Sunday night review . the market looked like it was going higher for a while but it did almost a complete reversal of the Swing we were looking at last week so that's what we were looking for in the video.
Soybean Oil’s Red Pill Moment: The Short Signal Just Hit"You’ve been waiting, watching, wondering when the veil would lift. Today is that day."
Soybean oil just crossed a threshold, one that turns theory into action. This isn't just a hint anymore; it’s a red pill moment. Today, we got the confirmation we needed: a Daily bearish momentum divergence trig
Soybean Oil : Are we in a wave 3 of 3 of 3???Looking closer at the smaller structure, it appears very excitably bullish. The upside potential is highly probable. An impulsive push should validate the 3 of 3 of 3. Technical indicators are supportive too.
Soybean oil10.25.24 soybean oil is trading in a Range box but the general pattern looks as if it's going to make newer highs despite a two-bar reversal at the time of this video that suggests that the Market's going to go a little bit lower first.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.