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SOYBEANS

Soybeans: Sell opportunity towards the 0.5 Fibonacci.The price reversed the previous bullish sentiment on 1D and is currently neutral (RSI = 48.853, ADX = 28.377, Highs/Lows = 0.0000). The next long term direction should come after a lower test of (at least) the 0.500 Fibonacci retracement level. With 4H already on Lower Highs (Highs/Lows = -0.0750, B/BP = -1.5520) we have a TP = 8.637. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:SOYBNUSDShort
by InvestingScope
Wheat, Soybeans, and CornWhy Wheat and why now. What about Soybeans and Corn. Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an extended period of time. And, for Wheat, that has been since June of 2013. Since then, it has moved between a couple of lines and for the most part, remaining below the 13 period EMA of the high. As an aside, in my previous articles, I used EMA’s on the close of price but have moved to a 13EMA on high, 26EMA on low and 20EMA on close with the intent to use them as a channel for pullbacks based of ADX action. June of last year, the downtrend line was sharply broken but before that, the DMI made a significant move when the +/-DI swapped. Although this had happened several time during the past 4 years, what eventually became important is that the low of this candle was never broken while the high was continually tested and broken with the last time starting the recent uptrend. Also, note that during this time that the +DMI continued to make higher highs will not making lower lows. With the ADX moving above 20 in May of this year, a strong signal was given that the market was ready to move up. Now, consider the same discussion for ]Soybeans : Notice the size of the candle that caused the last swap. I’ve included a possible consolidation pattern. And for Corn : With Corn the interesting thing on recent action is that the DI’s changed dominance but did so where the swap was to -DI but with a green candle. I don’t see this too often but seems to give mixed signals.
OANDA:WHEATUSD
by mxb1961
Soubean Futures Bearish outlookAfter seeing such a steep recent decline I started looking for signs of a bullish bounce. Unfortunately, it looks brutal: 1. recently retraced more than 100% of previous up-move, which indicated additional consolidation / correction is needed. 2. While it is a little messy, I can make out a 5 wave down move from the 2012 highs. This would mean we are likely only slightly over half-way in the current correction. 3. The symmetrical triangle is also likely part of primary wave B (which often takes the form of a triangle) and it indicates continuation in this case. If there wasn't significant selling pressure then wave (C) would normally surpass (A). The move could go to $270 if the primary wave C meets a 1:1 extension of wave A. If I end up trading this I will lock in profits along the way in case primary wave C doesn't meet a 1:1 extension. I am not a financial professional. This is a 100% technical analysis and has not considered any fundamental factors. I prefer to present both views normally, but if there is a bullish case I can't see it from the price action alone.
SShort
by flyinkiwi10
Soybeans: A Look at Current MarketOverall, market is down but could be in final stages of down trend from 2012 highs Monthly Chart In the March/April time frame, the DMI changed to where the -DI is dominant. The ADX continues to trend down signaling whichever dominant trend is not that strong. Current targeted support is 8.910. Though, there is an area in the +/-8.000 range that has provided support in the past. With the ADX approaching 20, it is possible that the 8 range (green on monthly chart) provides support for consolidation before next major trend develops. Weekly Chart The weekly chart has a more bearish definition to it. DMI - A sell trigger was hit the week of 3/6 at 9.972. The -DI is dominant so the TRIX will be used to drive exit and potential re-entry. TRIX - On week of 4/10, the TRIX signaled a potential exit. Price did close above this line during week of 5/1 but next week failed to follow-thru. So, weekly traders would have remained in trade. This week (5/29) will verify the down trend is continuing if TRIX holds below HMA. Daily Chart The daily chart has provided several sell triggers with most recent at 9.356. Price is currently sitting on previous support at 9.035 4hr Chart The 4hr chart has several interesting concepts on it. (1) A sell trigger occurred on 5/17 at 9.562 (2) The TRIX indicated a cover of short on 5/18. With next period follow-thru, the short would have been exited (3) A buy trigger occurred on 5/21. However, there was no follow-thru so a long position would not have been taken (4) When the ADX drops below both DI's and/or 20, trend trading should be put on hold and a price pattern for consolidation should be identified. From the consolidation, look for a breakout to trade. Some potential items to watch are: DMI - During this time, there were several triggers but only last had follow-thru TRIX - The TRIX dropped below 0 (bearish) and then pulled back but remained below 0 before continuing down again with the next trigger (5) Sell trigger at 9.361 with follow-thru and new short entered (6) A developing continuation pattern. I've seen these occur when the next time frame up (daily in this case) is developing a sustained trend. The TRIX/HMA combo indicate a new res->sup line but price fails to close and hold above it. If not stopped out, then continue to hold short.
OANDA:SOYBNUSDShort
by mxb1961
Soybeans Bullish Gartley and My Short Term ViewPlease keep in mind when reading all of my charts I am still a novice and have very much to learn! But I still enjoy sharing my thoughts and interacting with the community, so here it is: The trend seems to be up so I like looking for a buy. The bullish Gartley completes at 10.437. This may be located on the trendline depending on when it completes, but seems it will be a zone of support. Stop losses for this trade would be below the dashed red line around 10.374. Targets would be the .382 (breakeven and half position) and .618 (rest of position or trail stop loss) and aim for the top of the structure (green zone is an approximation). Should price come to the completion point of the pattern I will also check my indicators but as it looks now I believe I will take this trade. Note that a strong rise may form a bearish AB=CD patterns 10.85. I have linked an idea regarding this trade below. Please let me know what you think of this idea and share your views on Soybeans with me. If you have any constructive criticism I am certainly open to that too as I know I have a lot to learn. Cheers!
OANDA:SOYBNUSDLong
by SharkbaitAl
Soybeans: Potential Confluence of 2 Bearish AB=CD PatternsMy main idea here is to watch for weakness and short in the red area which is the completion of the two bearish AB=CD patterns shown in the chart. There is also a longer term downtrend line at this zone which would be a nice place to enter. At that point I will also look for divergence in my indicators, as well as check for any warning signs such as large bullish candles, etc. For this idea to play out Soybeans still has room to the upside but there is of course the possibility that these patterns do not complete. So for the shorter term I am watching for trade set-ups in either direction with a slightly bullish bias. Your comments and feedback are always welcome and appreciated.
OANDA:SOYBNUSDShort
by SharkbaitAl
Soybeans: My Long Term Perspective and Possible PatternsIn the chart are potential patterns which I have identified on the long term Soybeans chart. While only some or even none may complete I will be using this idea as a journal which I am planning to update every week or two regarding the patterns in the chart or any new patterns which I can identify. If the smallest AB=CD patterns shown fail the trendline will probably have also broken, which would suggest to me we could get enough bullish momentum to take us to the completion point of some of the larger patterns. I am very interested in seeing how this chart will play out. If you have any views on Soybeans please share it with me!
OANDA:SOYBNUSD
by SharkbaitAl
Soybeans: A case for biggest trade since 2007I believe soybeans are staging to have the largest run up since 2007 Daily Since Sept, indicators (slow stoch, TSI, and RSI) have been diverging with price. Additionally, the 9 and 20 period EMA on price have crossed and turned up as well as crossing over the 50P EMA. In Oct, the ADX dropped below 0 signaling price consolidation. On 10/17, price broke through resistance pulling ADX and +DMI up over 20. However, how does this daily action fit within the context of the weekly and monthly charts? The daily chart is bullish but is it fighting bearish weekly and/or monthly charts or running with them. Weekly Coinciding with this bullish daily chart is a bullish weekly chart. Going back to Sept 2015, the ADX dropped below 20 signaling price consolidation and remained there thru Mar 2016. Once price broke above resistance, it carried up 2 1/2 months. During this time: RSI hit 80 (which is the overbought range for a bull trend) TSI hits 100 ADX hits 45 (I consider 40 to be overbought/sold on weekly chart) Since this high, price has spent remainder of 2016 correcting. Now, the weekly indicators have begun to turn positive Slow stoch has crossed and moved TSI has moved up and is sitting at 0. A break above 0 is bullish RSI was held at 40 which is bottom of range for a bull trend and has begun to move up ADX is still above 20 with +DMI crossing up over -DMI signaling a possible change in dominance Monthly The monthly chart is bullish too. Again, the Mar 2016 move pushed indicators positive with a strong change in dominance on ADX Slow stoch hit 80 and has pulled back during correction TSI moved over 50 and has now pulled back toward 0 RSI pulled back from 60 to 40 and now 9P EMA and 45P WMA have turned up. I believe this next run up will take monthly RSI to 80 ADX looks like another change in dominance may happen A green bar close above red resistance line will signal continuation of up trend Targets: 121x, 152x, and 179x 4H and 1H charts , I will be using the 4H and 1H charts to trigger an entry long for soybeans. For now, the key to watch is the 4H ADX. Recently, it hit 50 and held to the 27th of Oct. Now that it has started down, the -DMI has moved up. The other indicators have diverged with price and are moving down too. I'm looking for this corrective action to continue setting up the resistance line on the daily chart. Should these actions happen, I look for an entry when 4H indicators/price turn up and the daily resistance line has a green bar above it.
SLong
by mxb1961