Thursday, January 05, 2012

A two and half year triangle resolving in Soybean!

Soybean was developing a big triangle since July 2008. The triangle has been forming for approximately 2 and half years now. And this patten seems to have completed in Oct 2011. The indicators also support the triangle formation. We are currently in wave (3) of the thrust which follows a triangle, and the primary target zone for wave (3) comes around 2790 - 2825 range. We might pause here for a while, but there is no doubt that Soybean is headed much higher from current levels.


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