Short ZM1 on H4 after breaking ending diagonalPrice hit the resistance zone on W and momentum got weaker. Moreover, an ending diagonal on H4 was appearing. I wait for the price that breaks the trend of ending diagonal then have a short positionShortby HenryTruong4792
ZMI am still staying with building my short position. There is too much of a bullish consensus in the market.Shortby UnknownUnicorn44655470
ZM, bean mealall the confirmation I need to load up on bean meal. the idea is to build a good position and follow the trend.Shortby UnknownUnicorn4465547221
ZMha! what did I say. lost of money to be made in bean meal or beans. sometimes it pays for an Aston Martin, but most people don't listen. they're to busy trading e minis...Shortby UnknownUnicorn44655470
ZMaround 390 is a place to play around with a short position, or add to the existing one. It is just a try and a tricky one at best here that could pay off big. Keep an eye on the strength of the uptrend though and get out at the first sign of continuance to the upside. Shortby UnknownUnicorn44655470
ZM, bean mealit might be very early but its worth a try to carefully short right here.Shortby UnknownUnicorn44655470
Daily Soybean Mealchart shows a clear 5 wave count in 5 smaller waves. Waiting for confirmation to short. When wave 3 is extended wave 1 and 5 tend toward equality.by Aten0
soybeans meal ideaHi friends, small leg up then down for c as expanded flat = wave 4 do not forget to follow me ^^Shortby UnknownUnicorn10343838Updated 2
Soybean Meal futures - (ZM1!) - dump it downSoybean Meal futures - ZM1! - It has completed ABC zigzag sequence (or 1-2-3 as impulse). The internal wave counts are also very clear. so stay bearish from current level for target zone around 305-300. There is huge divergence in indiacator indicates the possible correction ahead. Shortby EWFcw2
Soybean Meal Making A Bearish Flat - Elliott waveHello traders, Soybean meal made a five-wave decline, down from 336.4 level, which is a strong indicator that bears are taking charge in the near-term. We can see a completed five-wave move at the end of May, when price started again recovering, however only for a three legged move. We believe a flat pattern is unfolding within a higher degree wave II now, because legs A and B have three sub-waves, and latest recovery, labelled as leg C is sharp and straight, in impulsive fashion. Ideally, wave C of II will recover towards the Fib. ratio of 50.0 and 61.8 (310/312 level), where resistance will be seen, and a bigger, bearish reversal will resume its path. Trade well, The EW-forecast teamby ew-forecast1113
SOYBEAN MEAL ZIGZAG PATTERNWorking on the idea of ZM zigzag sequence in daily chart.Longby pengiran-8
ZMN20-ZMU20Another agresive bull spread which is currently with good setup for trade. Commercials have an extreme short positions, which means, there is not much space for further price's fall. Moreover there is a good seasonality ahead, although LTD (Last Trading Day) is 30.6. so we are quite close. In general soybean meal is a small contract, we do not risk much. I have 3 spreads myself. I am aiming with my 1.PT to -2. Longby MartominUpdated 6
Long the breakout above 293DISCLAIMER : The content on my TRADINGVIEW profile is for informational and educational purposes only and is not and should not be construed as professional financial, investment, tax, or legal advice. Trading has large potential rewards but also large potential risk. Do not trade with money that you cannot afford to lose. The past performance of any trading idea is not indicative of future results.Longby UnknownUnicorn80993253
ZM - Vigilance at the next levelUpward ranging movement. Vigilance at the next level 298 USD by Atlass_Reda5
Soybean Meal Futures has closed below 60 RSI The RSI shown on the Soybean Meal Futures chart has closed below 60, and there was a large bear outside candle formation to complement the move down. Additionally, this is the first retracement within the trend. Since the heaviest volumes are above the current price, I anticipate there will be a retracement into the untested supply zone and then trend continuation. Based on the Renko bar chart (shown as a candlestick chart above), the price has yet to infiltrate the demand area on the chart. Shortby milTraderGUpdated 3
A big jump maybe ???Soybean meal stayed in this range for very long time. Also except meal almost all ag futures rallied around 10% . Also the trend shows a jump from a double bottom... Anyway I expect a price range between 315 - 343 within 1 month....Educationby staticlaUpdated 4