Working on the idea of a Zigzag pattern for Wave ((2)) in the soybean oil market. In Elliott Wave Theory, a Zigzag pattern is a corrective wave pattern that usually consists of three waves: Wave A: This is the initial decline from 42.68 in 5 wave sequence, setting the stage for the corrective pattern. Wave B: 3 wave corrective rally that follows Wave A. Wave...
SBO making a downtrend movement since Nov 2022. Based on EW rules.. price now should make Wave 5. Target to nearest support + Fibo extension 0.618. Another 2.8% movement. If we use this data for FCPO, there will be another around 100tick price to go down.
ZL has a Head-Shoulders pattern after a long Uptrend. a break through the nickel is a signal of entering short with a 1/4 risk-reward ratio. Let's see if the market will confirm my analysis.
Go long next days, we have a strong probability that the soybeans will rise approximately 8% at least
the trend line and indicator have been breached and a pattern has been formed here that we can enter
Hi Traders, Update on my soybean oil elliott wave analysis. Happy trading. Stay safe
KEY LEVEL = 70.22 Expecting correction of wave 4. Happy trading.
With this movement, we cant mistake it for another wave. This is wave 3. Enjoy the trade.
We can see a clear pattern or 5 wave movement to the upside both in daily chart and in the sub wave of wave 5. What come after 5 ? Looking for evidence that top is in place and patiently waiting for my short sell setup to join the counter trend movement.
SNR Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Soybean Oil. Support and Resistance (SNR). Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Soybean Oil. Support and Resistance (SNR). Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Soybean Oil. Support and Resistance (SNR). Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Soybean Oil. Support and Resistance (SNR). Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Soybean Oil - Support and Resistance ( SNR ). TF 15 minutes. Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Soybean Oil. Support and Resistance (SNR). Kampung Style. Valid on the said date only. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Critical level = 27.55 Looking forward for short opportunity with soybean oil . 27.55 must hold for this setup.