Soybeans:
The first essential resistance of 975 was not broken but price certainly knocked on its door during Wednesday's and Friday's session which makes us to add caution to caution with our outlook for this chart. Basically the week showed a jigsaw candle that did not break the resistance on the upside and did not take the previous low on the downside. In other words: no decisive move was made during the past week. Price is also moving with an ending diagonal already since the second half of August. An ending diagonal principally is a reliable continuation pattern from where price usually breaks out at 2/3 to 3/4 of the diagonal which, ideally, would have happened last week but could still happen next week.
In short: nothing really shocking happened during the past week and, even though we did not see the expected decisive break to the downside, the bias remains unchanged to be bearish. As long as the pivotal resistance at 994 remains intact we have no reason to change our opinion.
The first essential resistance of 975 was not broken but price certainly knocked on its door during Wednesday's and Friday's session which makes us to add caution to caution with our outlook for this chart. Basically the week showed a jigsaw candle that did not break the resistance on the upside and did not take the previous low on the downside. In other words: no decisive move was made during the past week. Price is also moving with an ending diagonal already since the second half of August. An ending diagonal principally is a reliable continuation pattern from where price usually breaks out at 2/3 to 3/4 of the diagonal which, ideally, would have happened last week but could still happen next week.
In short: nothing really shocking happened during the past week and, even though we did not see the expected decisive break to the downside, the bias remains unchanged to be bearish. As long as the pivotal resistance at 994 remains intact we have no reason to change our opinion.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.