March Soybean Head and Shoulders
Updated
It appears Soybeans has created a last shoulder of an H&S. Now at pivot. Neckline at 890. Projected fall to height of last shoulder below S2 868'2. Possible double bottom at S3 845'2.
Note
Soybeans nearing H&S neckline. Will it continue through and down to S1, or will it rebound? Concerns on Chinese purchases are driving the market down.
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.