May Soybean Meal Elliot Wave Head and Shoulders. Meal looking to break 20 day MA. Two outcomes possible, Wave rise to R2 - R3, or H&S. In theory wave 5 is shorter than wave 3, so both may occur with a final H&S.
Kommentar:
Meal showing signs of a last shoulder and drop. Still under the 20 day MA. Target is breaking pivot at 372.1 and moving to S1 at 347.5
Kommentar:
Meal has gone through pivot, neckline at 368 next.