TradingView
machintose
28 de Jun de 2021 13:53

Week 26: ZSN2021 Consolidation week 

Soybean Futures (Jul 2021)CBOT

Descrição

If you are still holding your short position from last week, it is time to manually close it.
The price was stopped at $13.28 area where it formed "W" or mini double-bottom; does this mean a reversal to be bullish?
My upper limit is at $13.82, if the price breaks and close higher that $13.82, then YES, it is likely to be bullish.
However, if the price broke the yellow box / support level, then downtrend will continue.
Therefore, this week we just wait until it breaks, then we follow the market direction.
Mais