Soybean: Bear Flag Signals Potential Downward Break
Soybean prices are currently consolidating within a bear flag pattern, characterized by minor breakouts of key levels.
I anticipate that once the lower boundary of the flag is broken, the market will continue its descent, confirming the bearish scenario.
Should monitor for a strong breakout below the flag’s support to validate short positions.
I anticipate that once the lower boundary of the flag is broken, the market will continue its descent, confirming the bearish scenario.
Should monitor for a strong breakout below the flag’s support to validate short positions.
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