There are still winter profit opportunities in beansThe 2022 growing season for soybeans is still a good way off. Keep an eye on currently falling prices. Consider going long when prices move back up into the trend channel.
TGSB1! trade ideas
Getting Better Prices 🎯ultra volume on a wide-scale candle and then came a test candle to show the power of sale succeed with a red candle afterwards
ZS1! (SOYBEAN) IN A CORRECTIONZS1! (SOYBEAN) is in a correction of the intermediate (4). We finished Minor wave 5 as an extended wave and I am considering the 4th wave as a complex correction because of the extended 5th wave. We can go around 38% to 50% of the Fibonacci which is 1473 to 1423 for finishing the correction of the 4th wave. This correction will a time consuming also.
As an alternative count, we just finished Minor wave 3.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#ZS1! #SOYBEAN
November22 SoybeansNovember22 Soybeans – Weekly: New Crop beans quickly moved up to fill the primary (162% retracement) target at 14.14. I usually wait for confirmation of a swing high before running retracement targets for support, this market is moving fast.
What to do??? There is still time in February to lower the insurance average. Look at Short Dated puts to get through Feb into spring…..If you have failed to sell beans on this run up, buy a courage call at any of those lower marks then place offer to sell physical.
March SoybeansMarch Soybeans - Daily: Trying to measure upside targets on beans seams futile on a daily scale….. But we try
From the May21’ Swing high at 14.45 to the Nov21 Swing low at 11.93, March22 Beans filled the recent target at 16.01. On the more precise scale on the right, we look at the consolidation before Monday’s gap higher to measure a primary target at 15.86 with targets up to 16.23 that were filled. From the continuous chart to the March bean chart, it appears there could be some measured resistance at 16.00 to 16.23. Above were looking at levels up to 16.73 to 17.00.
Support at 15.64 to 15.27 with Risk down a ways to 14.45.
Soybean marketSoybean – Weekly Cont: Price accelerated from the 50% retracement and resistance level at 14.24 up past the cloud and quickly filled the next primary target at 16.12. Last spring beans spent a few weeks above 15.75, but with light volume.
No telling if beans will chop around into a consolidation pattern to give us time to better guess a direction, or if it launches higher filling the targets above…
The candlestick formation left behind this week looks similar to the one left behind last year at the high. I am cautious for the next week or two and would be willing to look at short term protection
Soybean big picture Market structureLooking at the same parameters as we did for the Corn: I didn’t show a 200% or 300% rate of change as I did with Corn. Instead I show that it would take a 107% rate of change to match the 2012’s 17.89 high. **A 200% gain would place Beans in the mid $20’s….
Feb 10, 22 Soybean Sell Almost TimeYou can see that price action soared way above the Linear Regression Indicator this week and has been on a tear for many weeks just going to the moon. I am waiting for price action to finally come down - today it started but I'm not sure when I will short this trade. Next week will be the earliest but it might be March.
You can see this is the weekly chart so it might be a while before this becomes tradeable. Regardless, I am keeping an eye on this one and will let you know if anything changes.
HEIKO
Soybean: looking for more upside to complete wave iii of (iii)Hello and welcome,
in this video, I explain my outlook in soybean
Soybean: Elliott wave forecastI expect a little move down to 1334.4 (382% retracement of wave iii) to end wave iv and start wave v of 3
Soybean Looks tasty for a 100% gain this year!Big noticeable increase of volume and momentum showing retail/traders are coming in after noticing that we going up,
Looks as wave 3 has therefore definitely started! ...and we can project the wave 3 TP @29 using the previous wave 1.
November22 SoybeansNovember22 Soybeans – Weekly: A break above the down trend line is encouraging, but Nov22 beans still remain in consolidation (for Now). Previous years High to Low retracements should encourage some initial sales from 12.50 to 13.10.
Initial Upside potential with Primary target up to 14.14, Downside risk below 11.00….
May be good to look at Short Dated Puts and calls to get us through the first 6 months…
March 22 SoybeansMarch Soybeans - Daily: March beans showing a strong move from 11.93 to 13.84. The daily chart shows support at the blue Tenkan line and near last week’s low of 13.34. Further support is the red Kijun line at 13.04 and then the uptrend line. Risk at 11.91 and lower.
Targets above at 13.84-13.91, 14.16, and 14.45. Any New bullish sentiment could find targets up to 16.01….
Continuous SoybeansSoybean – Weekly Cont: The High to Low Cycle appears complete (for now) with the break above the downtrend and 24% retracement. Beans filled the 38% target with a 13.84 high. The close last week is concerning as it left a doji like formation that could be cause for a change in trend??? Beans need to get above 13.84 (preferably a weekly close) to negate this potentially bearish candlestick. Risk for the next week or so is a move down to re test the down trending line it just broke above. Risk is 12.82 next week
A move above 13.84 will target 14.24 and then 14.81.
Big Picture Market structure for SoybeansCurrent Market Structure: **(Like Corn) Sensitive, with extreme bandwidth** The current Domestic and World Supply & Demand numbers paired with recent inflationary threats support a price base range (IMO) from 10.00 to 12.00. Currently risk has been to the upside and inflationary threats elevated, keeping beans elevated as well. There are to many variables that affect the fundamental picture, expect volatile markets untill the Market structure becomes more defineable.
Resistance area from 12.75 to 14.00 and then 16.00 area. **12.75 to 14.00 is an area that some pricing and protection should be encouraged
Support area is 11.80 to 11.40. Further Risk is 10.00 – 9.00.
BULLISH ON SOYBEANSSymmetrical triangle => BULLISH
Break up of the 200-period moving average => BULLISH
Fundemantals: dry climate conditions in South America (Argentina and Brazil) = less production => BULLISH
Well supported by the RSI , which could enter the acceleration movement => BULLISH
Like last december long SoybeansLong above 18 moving average with the trailing stop below lowest low of prior two days
Breakout ofnSoybean FuturesSoybean futures has corrected 50% of the previous impulse move that stretched from middle 2020 to May 2021. The latest breakout therefore implies the possibility of a new bullish wave back to at least the previous swing highs @ 1650 with an initial target of 1490. Stops can be considered @ 1198
food for thought soybeans look good.
seems like people are waking up to inflation.
i talked about inflation a year ago, before anyone even knew it was coming. time cycles predicted it correctly. historically wars have been started during these kind of times. watch uranus in gemini as that is historically when america had some of the biggest wars (2025-2032)
1760 = war with britian ( gained independence)
1850s = indian war (gained west coast)
1940s = ww2 (gained world currency domination)
as you can see from above, each passage of uranus through gemini has created earth shattering changes for america.
fun fact. july 4 1776 would mean america is a gemini. also it means uranus was in gemini at the time of conception. a return of uranus to the position of birth always has an effect.
another fun fact. there has never been one instance where a planet passed the midheaven of america without causing a change in trend in the equities and bond market.
merry christmas and happy new year.
next year will be epic and i will be right here to navigate it with you.
The bulls May come back If we break the triangle we can see a up Trend. We stopped at the support line that I mentiond and it looks like we can continue the rally, I mentioned the resistance Levels as first exit points.
November 2022 SoybeansInitial thoughts on hedge/pricing targets with the current Market Structure for 2022 Soybeans
November 2022 SoybeansNovember22 Soybeans – Weekly: Consolidation above 12.00 and looking for direction. The blue Tenkan is about to cross under the red kijun. Support is 12.02 and 11.84 with risk down at 11.50. A break below would target the 10.97-10.75 area.
Resistance against the red Kijun line at 12.32 and then the down trending line. Initial targets at 12.95-13.13. Upside potential on a breakout will look for 14.14.
