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
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.