Soybean is about to have a bullish breakout
Based on that soybean has bottomed near 8.5 during end of 2015, the subsequent rise to 12 is an impulse wave, followed by an ABC correction to 9.
Since Jun 2017, we have another impulse to 10.4, followed by a correction to 9.15.
Recommend: Long with a tight stop loss
Since Jun 2017, we have another impulse to 10.4, followed by a correction to 9.15.
Recommend: Long with a tight stop loss
Note
Soybeans going up as expectedNote
Soybeans are going higher as expected
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.