Decision time for beans

73
Guess I will try my hand at this.
Bear with me as I'm still learning.

March Beans had a beautiful run up completing all five waves of an elliot pattern. Now it seems we are in the corrective C pattern. Question is does it go farther down continuing wave C or do we reverse here.

There appears to be a potential bull flag on the 4hr. If we continue to hold the bottom trendline I'd expect a breakout and a continuation upwards.

A break and close above the upper downward trendline I will enter long and target a zone between 10.70 and 10.80

A break and close below the bottom downward trendline I will go short and target a zone between 10.25 and 10.18

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.