We've seen this blowoff top movie beforeBeans have topped in a similar way multiple times this year. Rallying hard and giving it back intraday for a terrible looking candlestick.
SJC1! trade ideas
Weekly Forecast (December 27 – 30, 2022)Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1495, which will be followed by moving up to resistance level 1512.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1457, which will be followed by moving down to support level 1422.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybeans Ten Month Buy Signal The Soybean futures market is generating a buy signal based on the monthly time frame based on the "Time@Mode Methodology".
Notice the 8 month sideways action around the green horizontal line in 2021 which set up what turned into a 7 month rally into June 2022. When "time expires" the market tends to form a new mode at that price level (within the range of the 8th month) or it returns to the mode previous to the trend. You can see there was a sharp move down in July 2021 but it didn't return to the old mode, which is constructive long term.
The white and yellow projection lines are the previous two rallies added to the current "mode" at 1434'2. The green box is the range around the mode added to the mode to provide 1x and 2x's that range for a price projection potential.
The 50% speed line is a reference line to indicate if the market is holding above the half-speed of the move from the lowest low to the highest high. You can see clearly that the 50% speed line held in that pullback in July 2021.
This has been a long time building this mode and the bigger the mode, the bigger the rally.
The risk is a move back under the mode, which is the December low.
Wishing you all well.
Happy Holidays and Happy New Years!!
Tim
1:48PM EST 12/23/2022
1490 last $ZSK2023
Wishing you all the best
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are.
Fundamentals: There are no major news.
Soybean Futures Bearish Bat With MACD Hidden Bearish DivergenceHidden MACD Bearish Divergence at the PCZ of a Bearish Bat on the 2 Hour
November 2023 SoybeansNovember23 Soybeans – Weekly: *The 13.98 to 14.22 area is a critical point for Nov23 beans and is a place that deserves some risk off attention* Using the swing high at 14.48 to swing low at 12.17 for retracement targets. Initial targets looking at 13.98 to 14.22 area. Will look at each retracement level for targets up to the 162% retracement of 15.91. Could look at a courage call at 16.00 and place targets accordingly…
Risk going into Fall of 23’ is identified at 12.00 to 11.50
January Soybeans - DailyJanuary23 Soybeans – Daily: Back to a daily chart with a few weeks remaining on the Jan contract and trying to narrow the focus for end of year contract activity. The break above the black downtrend line was short lived, Thursday’s close found support at the red Tenkan line. Monday & Tuesday need to come out strong and sustain price above the cloud at 14.42 and more importantly the blue Kijun/black downtrend line currently at 14.47. Support below at 14.05 and a break below the cloud and uptrend line has end of contract risk at 13.45-13.30 area…
Soybeans Weekly ContinuousSoybean – Weekly Cont: The cloud above offers tough resistance at last week’s high of 14.77. A weekly close into the cloud above 14.77, the red Tenkan line will be the next strong resistance at 15.36 (also a 50% retracement target). Support below is the blue Tenkan line at 14.14 and then an uptrend line climbing from 14.00. A failure below could have beans targeting the 12.88 swing low area.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1475.50
Pivot: 1409.75
Support: 1380.50
Preferred case: We have a bearish bias on the H4 chart. In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located.
Alternative scenario: Price may rise again to retest the resistance at 1475.50, where the 78.6% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1465.00
Pivot: 1409.75
Support: 1391.75
Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located.
Alternative scenario: Price may rise again to retest the resistance at 1465.00, where the previous swing high is.
Fundamentals: There are no major news.
Long idea with +25%?Hello dear Traders,
Price closed above yellow line (previous month high)
Price closed in 15 Minute chart above purple trigger line -> Enter Trade.
Targets marked in the chart (black lines)
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1465.00
Pivot: 1409.75
Support: 1391.75
Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located.
Alternative scenario: Price may rise again to retest the resistance at 1465.00, where the previous swing high is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1465.00
Pivot: 1409.75
Support: 1391.75
Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located.
Alternative scenario: Price may rise again to retest the resistance at 1465.00, where the previous swing high is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1433.75
Pivot: 1409.75
Support: 1391.75
Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located.
Alternative scenario: PPrice may rise again to retest the resistance at 1433.75, where the 50% Fibonacci line is located.
Fundamentals: There are no major news.
