January Soybean Head and Shoulders or Breakout

Soybeans are locked into a parallel channel between R3 and S1. Right now a H&S is showing. Breach of R2 at 905'1 would nullify this. If H&S comes due, drop to height of last shoulder as a minimum to S3 805'7 would be target.
Parallel ChannelPivot PointsTrend Lines

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