Page 4 | SOYBEANS — Trading Ideas on TradingView

Soybeans Bullish Gartley and My Short Term View Please keep in mind when reading all of my charts I am still a novice and have very much to learn! But I still enjoy sharing my thoughts and interacting with the community, so here it is: The trend seems to be up so I like looking for a buy. The bullish Gartley completes at 10.437. This may be located on the trendline depending on when it completes, but seems it will be a zone of support. Stop losses for this trade would be below the dashed red line around 10.374. Targets would be the .382 (breakeven and half position) and .618 (rest of position or trail stop loss) and aim for the top of the structure (green zone is an approximation). Should price come to the completion point of the pattern I will also check my indicators but as it looks now I believe I will take this trade. Note that a strong rise may form a bearish AB=CD patterns 10.85. I have linked an idea regarding this trade below. Please let me know what you think of this idea and share your views on Soybeans with me. If you have any constructive criticism I am certainly open to that too as I know I have a lot to learn. Cheers!

Soybeans: Potential Confluence of 2 Bearish AB=CD Patterns My main idea here is to watch for weakness and short in the red area which is the completion of the two bearish AB=CD patterns shown in the chart. There is also a longer term downtrend line at this zone which would be a nice place to enter. At that point I will also look for divergence in my indicators, as well as check for any warning signs such as large bullish candles, etc. For this idea to play out Soybeans still has room to the upside but there is of course the possibility that these patterns do not complete. So for the shorter term I am watching for trade set-ups in either direction with a slightly bullish bias. Your comments and feedback are always welcome and appreciated.

Soybeans: My Long Term Perspective and Possible Patterns In the chart are potential patterns which I have identified on the long term Soybeans chart. While only some or even none may complete I will be using this idea as a journal which I am planning to update every week or two regarding the patterns in the chart or any new patterns which I can identify. If the smallest AB=CD patterns shown fail the trendline will probably have also broken, which would suggest to me we could get enough bullish momentum to take us to the completion point of some of the larger patterns. I am very interested in seeing how this chart will play out. If you have any views on Soybeans please share it with me!

Current thinking on Soybeans I've included several charts here that high-lite some of my current thoughts on Soybeans. Starting with the monthly chart and then working through the weekly, daily, and then 4hr that has some thoughts on entry into the market to long side. Weekly: Daily: 4hr:

Soybean staging for another run at resistance Is soybeans setting the stage to make another run at an upper channel line of resistance started with the August 2012 high? Current weekly and daily action looks like this is the case. Should price continue up, how it responds will indicate if new shorting positions should be taken of existing longs can be held. Another option would be to hold longs with this line as target and then re-enter once price shows direction. weekly: daily:

Soybeans: A case for biggest trade since 2007 I believe soybeans are staging to have the largest run up since 2007 Daily Since Sept, indicators (slow stoch, TSI, and RSI) have been diverging with price. Additionally, the 9 and 20 period EMA on price have crossed and turned up as well as crossing over the 50P EMA. In Oct, the ADX dropped below 0 signaling price consolidation. On 10/17, price broke through resistance pulling ADX and +DMI up over 20. However, how does this daily action fit within the context of the weekly and monthly charts? The daily chart is bullish but is it fighting bearish weekly and/or monthly charts or running with them. Weekly Coinciding with this bullish daily chart is a bullish weekly chart. Going back to Sept 2015, the ADX dropped below 20 signaling price consolidation and remained there thru Mar 2016. Once price broke above resistance, it carried up 2 1/2 months. During this time: RSI hit 80 (which is the overbought range for a bull trend) TSI hits 100 ADX hits 45 (I consider 40 to be overbought/sold on weekly chart) Since this high, price has spent remainder of 2016 correcting. Now, the weekly indicators have begun to turn positive Slow stoch has crossed and moved TSI has moved up and is sitting at 0. A break above 0 is bullish RSI was held at 40 which is bottom of range for a bull trend and has begun to move up ADX is still above 20 with +DMI crossing up over -DMI signaling a possible change in dominance Monthly The monthly chart is bullish too. Again, the Mar 2016 move pushed indicators positive with a strong change in dominance on ADX Slow stoch hit 80 and has pulled back during correction TSI moved over 50 and has now pulled back toward 0 RSI pulled back from 60 to 40 and now 9P EMA and 45P WMA have turned up. I believe this next run up will take monthly RSI to 80 ADX looks like another change in dominance may happen A green bar close above red resistance line will signal continuation of up trend Targets: 121x, 152x, and 179x 4H and 1H charts , I will be using the 4H and 1H charts to trigger an entry long for soybeans. For now, the key to watch is the 4H ADX. Recently, it hit 50 and held to the 27th of Oct. Now that it has started down, the -DMI has moved up. The other indicators have diverged with price and are moving down too. I'm looking for this corrective action to continue setting up the resistance line on the daily chart. Should these actions happen, I look for an entry when 4H indicators/price turn up and the daily resistance line has a green bar above it.

Soybeans anticipating pullback on daily before moving higher I'm watching soybeans for a pullback on stoch and for ADX to move over 20 with +DMI holding. A move up in price after this scenario could be a buy signal.