Decision time for beans
Guess I will try my hand at this.
Bear with me as I'm still learning.
March Beans had a beautiful run up completing all five waves of an elliot pattern. Now it seems we are in the corrective C pattern. Question is does it go farther down continuing wave C or do we reverse here.
There appears to be a potential bull flag on the 4hr. If we continue to hold the bottom trendline I'd expect a breakout and a continuation upwards.
A break and close above the upper downward trendline I will enter long and target a zone between 10.70 and 10.80
A break and close below the bottom downward trendline I will go short and target a zone between 10.25 and 10.18
Bear with me as I'm still learning.
March Beans had a beautiful run up completing all five waves of an elliot pattern. Now it seems we are in the corrective C pattern. Question is does it go farther down continuing wave C or do we reverse here.
There appears to be a potential bull flag on the 4hr. If we continue to hold the bottom trendline I'd expect a breakout and a continuation upwards.
A break and close above the upper downward trendline I will enter long and target a zone between 10.70 and 10.80
A break and close below the bottom downward trendline I will go short and target a zone between 10.25 and 10.18
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.