Soybeans Future (ZS1!), H1 Bearish DropType: Bearish Drop
Resistance : 1679'4
Pivot: 1667'4
Support : 1623'6
Preferred case: With price expected to reverse off the ichimoku resistance and the descending trend line, we see the potential for bearish drop from our Pivot level at 1667'4 in line 50% Fibonacci retracement towards our 1st support level at 1623'6 in line with the horizontal swing low support.
Alternative scenario: If price breaks out, it can potentially move towards our 1st resistance level at 1679'4 which is in line with 61.8% Fibonacci retracement and horizontal swing high resistance.
Soybeans
Soybean futures (ZS1!), H4 Potential for Bullish bounce!Type : Bullish bounce
Resistance : 1687'6
Pivot: 1660'4
Support : 1646'6
Preferred case: With price expected to reverse off the stochastics support, we have a bullish bias that price will rise from our pivot at 660'4 in line with the 100% Fibonacci projection to our 1st resistance at 1687'6 in line with the horizontal pullback resistance and 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1646'6 in line with the horizontal swing low support.
Fundamentals: No major news
Soybean futures (ZS1!), show up Bearish drop!Hello my friends, today I want to talk with you about Soybean futures
price retest the sliding parallel with good separation
FROM MY ANALYIS I THINK PRICE WILL GO bearish
for now the bull scenario seems more logical.
So be ready for such scenario.
lets see
Enjoy the market
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop
Resistance : 1759'2
Pivot: 1728'4
Support : 1637'4
Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728'4 in line with the 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1759'2 in line with the horizontal swing high resistance and 127% Fibonacci extension
Fundamentals: No major news
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop
Resistance : 1759'2
Pivot: 1728'4
Support : 1637'4
Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728'4 in line with the 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1759'2 in line with the horizontal swing high resistance and 127% Fibonacci extension
Fundamentals: No major news
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop
Resistance : 1759'2
Pivot: 1728'4
Support : 1637'4
Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728'4 in line with the 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1759'2 in line with the horizontal swing high resistance and 127% Fibonacci extension
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop
Resistance : 1728'4
Pivot: 1691'6
Support : 1637'4
Preferred case: With price expected to reverse off the ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1728'4 in line with the horizontal swing high resistance and 127% Fibonacci extension
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop
Resistance : 1728'4
Pivot: 1691'6
Support : 1637'4
Preferred case: With price expected to reverse off the ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1728'4 in line with the horizontal swing high resistance and 127% fibonacci extension
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1686'0
Pivot: 1667'2
Support : 1658'4
Preferred case: With price expected to bounce off the RSI indicator, we have a bullish bias that price will rise to our 1st resistance at 1686'0 in line with the horizontal swing high resistance and 50% and 78.6% Fibonacci retracement from our pivot at 1667'2 in line with the 23.6% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1658'4 where the 50% Fibonacci retracement is.
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1728'6
Pivot: 1637'2
Support : 1583'2
Preferred case: With price expected to bounce off the horizontal swing low support and the support of the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1728'6 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from our pivot at 1637'2 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support and 78.6% Fibonacci projection.
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1757'4
Pivot: 1658'6
Support : 1583'2
Preferred case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1757'4 in line with the horizontal swing high resistance from our pivot at 1658'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support.
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1757'4
Pivot: 1658'6
Support : 1583'2
Preferred case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1757'4 in line with the horizontal swing high resistance from our pivot at 1658'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support.
Fundamentals: No major news.
Seasonal Futures Market Patterns Corn SoybeansSeasonal Futures Market Patterns Corn Soybeans
Hey traders today I wanted to go over the best Seasonal Patterns in the Corn & Soybeans Futures Market. Corn and Soybeans and other grain markets follow an annual reliable seasonal pattern revolving around supply demand planting cycles. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading of Corn and Soybeans.
Enjoy!
Trade Well,
Clifford
Soy Beans Futures(ZS1!), H4 Potential Bullish continuation Type : Bullish continuation
Resistance : 1747'2
Pivot: 1656'0
Support : 1625'6
Preferred Case: On the H4 chart, price is near our pivot of 1656'0 in line with horizontal overlap support and 38.2% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 1747'2 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement. Our bullish bias is supported by how price is moving above the ichimoku cloud .
Alternative scenario: Alternatively, price may head to our 1st support at 1625'6 in line with the 61.8% Fibonacci retracement level.
Fundamentals: No major news event.
Soy Beans Futures (ZS1!), H4 Bullish Continuation.On the H4 chart, price is near our pivot of 1651'2 in line with horizontal overlap support and 38.2% Fibonacci retracement. Price can potentially rise to our 1st resistance level at 1739'0 in line with the horizontal swing high resistance. Alternatively, price may head to our 1st support at 1582'6 in line with the 61.8% Fibonacci retracement level. Our bullsh bias is supported by how price is moving above the ichimoku cloud.
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Feb 28, 22 Soybean Update-Sell DelayedSo my original prediction of a Soybean Sell Order is certainly delayed for a few weeks and maybe even a month or two. As you can see from the monthly chart, we are on our way to levels not seen since 2012, almost 18!!
We did have a couple days of some dramatic fall in price, but then right back up again. So I will delete my original Sell order and wait for a top sometime over the next month hopefully and sell then.
Stay safe.
Heiko
BTBD: Buy the bean dip?The world in general, and fertilizer prices in particular, are alleged to be going to Hell in a handcart. Infernal scenarios aside, a mean-reversion buy in soybeans off the bottom of the current trend channel could make sense. Beans have been a bit volatile lately, so watch this trade if you make it.
Feb 23, 22 Soybean Sell UpdateSoybeans have been on a tear for over a month now. Apparently weather is to blame around the world. Too much rain in some countries and too little rain in others. China has just released tons of Soybean from their reserve supplies to help fill the growing gap.
Word is it's going to be Mid March at least before there could be any relief. By then, I believe my Alligator Indicator will almost be up there in my Sell Area of 1520.
Note the second wise man circle a few weeks back?? Usually, BUT NOT ALWAYS, indicates a possible sign of price reversal?? This is one of those times where price did not reverse and price just kept on going up. This is why we must trade with our 5 rules, always using good money management.
I will keep you updated - I'm hoping once price starts to fall, it will fall heavily so we can make some good money :-)
HEIKO
March SoybeansMarch Soybeans - Daily: Trying to measure upside targets on beans seams futile on a daily scale….. But we try
From the May21’ Swing high at 14.45 to the Nov21 Swing low at 11.93, March22 Beans filled the recent target at 16.01. On the more precise scale on the right, we look at the consolidation before Monday’s gap higher to measure a primary target at 15.86 with targets up to 16.23 that were filled. From the continuous chart to the March bean chart, it appears there could be some measured resistance at 16.00 to 16.23. Above were looking at levels up to 16.73 to 17.00.
Support at 15.64 to 15.27 with Risk down a ways to 14.45.
Soybean marketSoybean – Weekly Cont: Price accelerated from the 50% retracement and resistance level at 14.24 up past the cloud and quickly filled the next primary target at 16.12. Last spring beans spent a few weeks above 15.75, but with light volume.
No telling if beans will chop around into a consolidation pattern to give us time to better guess a direction, or if it launches higher filling the targets above…
The candlestick formation left behind this week looks similar to the one left behind last year at the high. I am cautious for the next week or two and would be willing to look at short term protection
Feb 10, 22 Soybean Sell Almost TimeYou can see that price action soared way above the Linear Regression Indicator this week and has been on a tear for many weeks just going to the moon. I am waiting for price action to finally come down - today it started but I'm not sure when I will short this trade. Next week will be the earliest but it might be March.
You can see this is the weekly chart so it might be a while before this becomes tradeable. Regardless, I am keeping an eye on this one and will let you know if anything changes.
HEIKO