TradingView
0
All posts from TradingView
TradingView in TradingView,

Soybeans - Accumulate longs! Breakout is looming

Soybeans - Accumulate longs! Breakout is looming

Soybeans CBOT:ZS1!

Weekly: - Heikin-Ashi weekly reversal pattern, with haDelta climbing back above zero line. - Chikou Span got close to Price candles, we may see a weak bullish Chikou cross within next few weeks - First resistance is Tenkan Sen at 1008, second is Kijun Sen at 1046 Daily: - Major bearish trendine break? - HA candle pattern is bullish, haDelta is further up - Thin Kumo above Price, would be easy to break in case. Chikou Span gets close to Price candles and past Kumo, a cross would mean a medium strong bullish signa. - First resistance is Kijun Sen at 1007. Above that space opens towards previous range top at 1060. - A final break above 1060 would validate a bullish Kumo breakout to open route towards 1100. Start to accumulate longs and add to position on breaks and on retest after relevant level breaks.