Kwaku_As

Kwaku_As

this is an update on my previous post. a higher low on the shorter term time frame was my cue to prep myself for another move to the upside. atm, we have an inverted head and shoulders formation within a bull flag pattern on the 30-min.

Kwaku_As

price has settled on support as seen on the 4-hr timeframe. expecting a lower low setup on the shorter timeframes for price to resume its ascent.

Kwaku_As Updated 

soy went from being one of the hottest commodities to losing all its steam. a double bottom, a classic reversal pattern, was formed last week. after descending for months, a retracement to the 50/61 fib level could mark the beginning of an uptrend. some confluence: the DBA broke out of its ascending triangle chart pattern.

Kwaku_As Updated 

lower highs and lower lows on higher timeframes. the proximity of the 50EMA to the 38-fib level provides us with good confluence.