Soybeans in down trendYou have to understand predicting the market isn't rocket science. Infact if you discount the time it goes sideways it will go either up or down. If you understand the supply and demand are around support and resistance areas you have likely price targets.
So say we can assume there's a 99% chance it will eventually get to 7 or 9 bucks. You could then flip a coin and 50% of the time you'd be right.
Something to consider when you hear ridiculous things like oh he controls the price of soy beans! No. It's about studying prices and making deductions. Traders then make decisions based on those deductions. So you see it isn't magic. And it isn't nefarious forces. And it would be great if the liberal media would study more before making absurd claims.
Soybeans
My Soybean oil futures analysis • If the market breaks the resistance line with a big green candle, we have a high probability to get a bullish trend again
Otherwise it's a pullback, the market will return to the red support line, in this case and it's highly probable to break it and getting a bearish trend.
SOYBEAN FUTURES (ZS1!) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
SOYBEAN FUTURES (ZS1!) WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
SOYBEAN FUTURES (ZS1!) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Betting on China- Possible double bottom on soybean futuresBank Of America CEO and some other people are trying to tell us that china manufacturing is coming back online and their whole economy is recovering.
So based on this apparent fact, we can make a safe bet that we could see a possible pump on soybean buying. especially with the devastating storms in the east coast and the bad weather in south america.
That's going to destroy the supply of soy bean as mounting demand come back.
Now this is all based on the factor of china economy recovery and the weather taking out soy bean farms.
Entry 858
1st Target 868
2nd target 882
stop loss 850
Soybeans : Over Minor ResistancePrices of Soybeans are seen to be above the minor resistance. (9.118)
Although it may contain a slightly lower risk / reward ratio, it may be more profitable in low time-frame periods.
Those traders who want to be more safe can enter after a period of 1-2 weeks if prices below the resistance status is clear.
Furthermore, the highest basis of this analysis is the idea that both sides will make concessions in the trade wars between the US and China (My personal opinion).
Parameters :
Position Size : %1
Risk / Reward Ratio : 2.11
Stop-Loss : 8.75
Target : 10.256
Soybeans Head and Shoulders Setting Up?The chart for Soybeans looking very attractive right now. On the daily chart, we have an engulfing candle at a major flip/resistance zone. This has garnered the attention of any technical traders.
Moving down on the 4 hour, we get a clearer picture. We have been in a nice uptrend with multiple swings, higher lows and higher highs. This trend began to exhaust at the resistance/flip zone and we have had multiple red candles.
Looking for our first lower high confirmation here, and this would come in the form of creating a head and shoulders pattern.
So overall many good confluences for this trade, just awaiting the break of the neckline/support.
Would be looking to take profits at the 9.00 zone on this instrument. Around 935 on futures.
Long Term Prospects for SOYBNUSDThe SOYBNUSD, symbol ZS, is in a Bear Market Rally within a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the c-wave of an x-wave before a final y-wave down. The long upwards candle wicks, the testing of the 200 ema, and consecutive dojis are all confirmation that a top is being putting in. This would correspond with a long-term commodities bottom expected in 2021.
The Market is in a Bear Market Rally on the daily, with price above the 50 ema, which is above the 200, but still below the 800 ema. The 50 ema is up-trending, but the other long term emas are mostly flat, signaling an accumulation / distribution range. Price is topping out having just completed an evening star pattern, but has yet to close below the 13 ema. Price has yet to break the uptrend line, so expect sideways price action, and another stop test of the high, with a trend break, confirming a sell off.
The Market is in a Bull Market on the 4 hour, with price trading above the 50 ema, which is above the 200 ema, which is above the 800 ema. After a Dark Cloud top, price traded down below the 50 ema on the four hour, formed a doji, and will likely reverse back up from here. Probably trade up in the coming week to finish out an M-Top formation, before resuming the greater down-trend.
This is my SOYBNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
Elliott Wave View: Soybean Impulsive Rally Favors UpsideSoybean (ZS_F) cycle from May 13, 2019 low shows an incomplete 5 swing sequence, favoring further upside to end 7 swing double zigzag structure. On the 4 hour chart below, wave (X) ended at 867.4. Wave (Y) higher is unfolding as a zigzag Elliott Wave structure where wave A of (Y) remains in progress. The internal subdivision of wave A is unfolding as an impulsive structure. Up from 867.4, wave ((i)) ended at 903.4 and pullback in wave ((ii)) ended at 888.2.
The instrument has resumed higher in wave ((iii)) towards 950.4 and pullback in wave ((iv)) ended at 938.4. Expect wave ((v)) of A to end soon. Afterwards, Soybean should correct the cycle from December 3, 2019 low within wave B before the rally resumes. We don’t like selling the proposed pullback and expect buyers to appear in the sequence of 3, 7, 11 swing for more upside as far as pivot at 867.4 low stays intact. Potential target higher is 100% – 123.6% Fibonacci extension from May 13, 2019 low which comes at 1021 – 1057 area.
Soybean Short - Corrective wave confluenceLooking for a possible short on Soybeans down to an area of support and confluence of the channel downward channel. at 882. We are currently hitting year long ascending trendline bottom that we broke and have yet to retest, as well as the 38.2% fib entrancement level of the larger move. Price has seemed to lose momentum at this level. looking to price action for confirmation that a move to the downside is probable. This could break through that year long trendline and we could be looking for a move to test highs at 940, if not looking for TP at 2 levels, 882 and 855
Soybeans - Short | Bearish trendSoybeans has been getting pummeled the past month with aggressive selling. the past few days, soybeans has experienced a final breather and has been in a smaller corrective wave. Currently at the top of the channel after this wave, looking to see if the channel holds, otherwise looking for a breakout and retest of the channel to the long side. If price holds at top of channel and a confirms price will move back down, looking to 860 855 level as that is a strong support level.
SOYBEANS - DAILY CHARTHi, today we are going to talk about Soybeans and its current landscape.
The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by the government since the negligence of the government in obligate smaller oil refineries to respect the requiring quota of biofuel use, which resulted in a restrained demand growth and a squeezing of prices.
Now, after the walk through the darkest valley, U.S farmers start to once more see the light as Trump, seeking to regain their trust and votes from the region that back in 2016 supported him to the most. The President has been using the so-called "phase one" of this attempt of Trade Deal to force China to buy $50 billion of their agricultural goods, Trump it's wanting so badly to reclaim its title of champion of the farmers that it's pushing to the signature of the deal, to be on the farmer state of Iowa. The only thing in the way is to the deal be concretized, which might just get a bit harder as Trump has signed Hong Kong Human Rights and Democracy Act of 2019, giving support to Hong Kong protesters, and most possible dragging China ire towards the U.S considering the sensibility of China regarding its internal affairs.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.