Wednesday, November 30, 2022

Bullish Jan 2023 Beans - Update 1

Jan Soybeans Daily (yellow annotations)

We had a very nice Bullish day. Got a higher high and higher low. Formed something close to a Doji Sandwich candlestick pattern, which is Bullish. Closed very close but slightly higher (1649 1/2) than the previous swing high (1469). We had strong volume, and higher volume than yesterday. BB/KC continues towards a break out.

Only thing that gives me pause is that Stochastics are overbought (>80).

We definitely want to stay in this trade.

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