FxPro - Analytics

FxPro

752.75 6.25/10
88% of positive reviews
Real

Soy Wave Analysis – 22 May, 2020

Soy Wave Analysis – 22 May, 2020
  • • Soy broke daily up channel
  • • Likely to fall to 822.65

Soy recently broke the well-formed daily up channel from April (which encloses the previous medium-term ABC correction (2))

The breakout of this up channel should accelerate the active impulse wave 3 – which belongs to the medium–term impulse wave (3) from the start of May.

Soy is likely to fall further toward the next support level 822.65 (low of the earlier Bullish Engulfing from the end of April).

Soy Wave Analysis – 22 May, 2020


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree