Soybean: Bear Flag Signals Potential Downward Break
Soybean prices are currently consolidating within a bear flag pattern, characterized by minor breakouts of key levels.
I anticipate that once the lower boundary of the flag is broken, the market will continue its descent, confirming the bearish scenario.
Should monitor for a strong breakout below the flag’s support to validate short positions.
I anticipate that once the lower boundary of the flag is broken, the market will continue its descent, confirming the bearish scenario.
Should monitor for a strong breakout below the flag’s support to validate short positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.