Soybean Oil still in Retracement Phase

2019年3月2日

Will look for bullish reversal candle at one of the green boxes or at 38.2% / 50% / 61.8% retracement level at Daily or 4H time frame.

2019年3月5日

註釋

Price already at the 38.2% area. There are bullish slingshot (thick blue line) and bullish divergence (thick red line). You can see also at your Depth of Market in your ordering system, large numbers of buy limit order are at the 38.2% area. That should be interesting. I'm going to wait for the Reversal Candle at 4H or Daily tf to decide to go long or not.

2019年3月7日

註釋

I am thinking of this probability:

2019年3月8日

註釋

Already at the confluence area:
1. trendline
2. 50% retracement

2019年3月8日

註釋

But no reversal candle yet, even at 1H

2019年3月10日

註釋

2019年3月15日

註釋

Trade failed but I managed to breakeven. We'll see how it will be at the 61.8% retracement level: