Election of weekly Bearish Reversals (proprietary model) points to filling the reversal gap towards the 1047.5 level.
There is a unelected monthly bearish major reversal at the 1216 level. Expect price to retrace to within 1% of this level either for monthly close or after monthly close.
My trade strategy is open short position at market price 26/02/24 with stoploss at 1.5% of trade execution price. Take profit at 1050$.
If trade is stopped out reenter trade at 1216 level with stop at 1.5% and take profit at 1050$ again.
Soybeans slowly setting up to continue the uptrend over the next month or two based on the "Timemode" method. December was a "range expansion month to the upside" which sets up follow through over the next two months. So far, it's not catching much attention and yet prices are climbing.