SOYBEAN Can Push Higher, Watch for bullish development

15 de mai. de 2022

Hello traders:

Also have SOYBEAN on watch from the commodity market.

We can see from the HTF:

Price is potentially forming a continuation correction after the previous bullish impulse phase up.

On the lower time frame, we can see the bullish continuation correction a bit more clear. With a few swing highs and lows, price made a descending channel and correct the price down to the last swing lows.

Latest development shown a lower time frame impulse up from the descending channel, and formed more continuation correction.

Expect the price to continue higher, and possible breakout of the larger correction, and more continuations to form to impulse up on the higher time frame.

Thank you