Wyckoff Event in Corn Background:
After a series of Sell Down in Corn ,
we finally see a accumulation and breakout of
the chart signal us that the sell off is over.
The composite man has probably done their
accumulation phase and now is the time to
bring the real rally out from water.
In all the 3x Previous rally
are followed with relatively Higher
Volume . Each Pull back forming
a Higher Low and
showing a Up trend
line is FORMED.
Wyckoff Analysis Events
PS Preliminary Support
SC Selling Climax
AR Automatic Rally
ST Secondary Test
Spring Test
SOS Sign of Strength
LPS Last Point Of Support
BU Back-Up (Small Pull Back After SOS)
Entry : 365-370 (If PB Happen), Otherwise current Price.
Target : T1 410, T2 460
(Before Dec 2020 Contract Expired)
Stop : 355
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Other Wyckoff Analysis on SoyBean
