ZS1! trade ideas
Soybeans weekly TAThe wave count in this chart differs from the one in the monthly. If this one holds true, we should be in W3:W5:W4, which is supposedly in a rectangle shape below the previous major support, which is now our major resistance (the red line). Daily analysis will give us a better understanding of the inner structure of the wave in making, and will hopefully provide us with a tradable picture.
Soybeans monthly TAIt seems what W. D. Gann said some half a century ago still holds: "Soybeans is the king." Now this king is still away from a powerful support. It so seems that a 5-wave move is to be completed by the LMLH. Stoch seems quite happy and restful in the oversold zone. We are in the sixth narrow monthly bar, and technicians would love to see a NR7 breakout. But what I believe is that we have to be vigilant against a premature breakout, since it is also highly likely here. All in all my sentiment is bearish. And will be so until we see mid 700s.
No action in bearish channel since Aug/2015 Weekly:
- Huge bearish channel, but not much price action seen since Aug/2015
- Ichimoku setup is still bearish, strategic reversal level is ard 960
- Heikin-Ashi shows hesitation, with haDelta positive divergence
- EWO also have minor positive divergence
Daily:
- 855 key resistance worked again, price pops, making Ichimoku neutral
- Key reversal level (upper supp/res) is ard 880-890! Watch trendline, 100 WMA and Kumo!
- Heikin Ashi is bullish
SOYBEANS: SHORTS FAVOURED AGAIN- SEEKING DEEPER MOVE #SOYTraders,
Update idea, we have made very nice money with Soybeans so well done to everyone who followed me on that idea, especially well done to those in my signal group who got this idea in realtime!, it went well. We are now looking into a continuation short to maximize our profits.
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move.
Best of luck
Tom
---For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for discounts---
SOYBEANS: SHORTS FAVOURED AGAIN- SEEKING DEEPER MOVE #SOYTraders,
Update idea, we have made very nice money with Soybeans so well done to everyone who followed me on that idea, especially well done to those in my signal group who got this idea in realtime!, it went well. We are now looking into a continuation short to maximize our profits.
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move.
Best of luck
Tom
NOTE: For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for discounts.
Thank you.
Soybeans: Shorts Favoured Again- Seeking Deeper Move #SoyTraders,
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move. We are at small wave after an impulse and failing at the 20MA. This is the final breath for Soy, and we have a high chance of hitting wave target without any pullbacks now.
Best of luck
Tom
NOTE: For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for temporary discounts.
Thank you.
Soybeans: Shorts Favoured Again- Seeking Deeper Move #SoyTraders,
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move.
Best of luck
Tom
NOTE: For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for Christmas discounts.
Thank you.
Soybeans: Good Shorting Opportunity After Weak Correction #SoyTraders,
Good opportunity to get a short after a poor correction.
-Strong bearish engulfing
-Verified pullback using Fib levels.
-Verified trend direction using moving averages.
-Demand zones found and predictable assumptions can be made.
-Soy beans are junk and have been this entire year.
With many technical circumstances outlined on my chart, you can see how lucrative this trade could be.
Note:Interested in personalized online or face to face trading tuition? Message me here on Trading view, or email me with the email address on my Trading view profile page
Best regards
Tom
Soybeans - Look at this interesting chartLook at this really interesting chart of Soybeans. I entered long Corn almost a week ago and I was waiting for a good signal on soybeans. The price reached the rejection line of the descending channel. Volumes dropped on the last down move, and the 14 periods RSI shows a strong divergence. I believe a break back above 900 dollars would be a strong bullish signal.