High on Soybeans

[Steve Griffiths]

Hi Everybody,

As you can see from the chart below, Soybeans are reversing nicely off the current WPT resistance area. In fact this WPT looks to have nailled the high perfectly.

This is not a "hindsight" example, as this WPT was mentioned last week to all current MTPredictor users (via the free daily report) as an area to expect the current saesional rally to end.

Were you "prepared in advance" for this high as easily and visually as MTPredictor ?

Steve

[Steve Griffiths]

Hi Everybody,

Well, the last WPT nailed the Jun 22 high perfectly and a sharp deline has unfoled.

Beans are now at the Wave 1orA WPT, as such this is the area where minor support should be anticipated.

As such, lets see if Beans can rally from here ?

Steve

[alan4]

Hi Steve

I have a little knowledge of Elliott Wave.
In a case like this would it be wise to take (some/all) profit at the Typ W1 target and then re-enter after W2?

Alan