November21 Beans-Daily: The upper trend line on the red down trending fork proved to be a respected area of support/resistance. Support today is in the 13.72 area. Resistance against the pitchfork for today is 14.41 area. I will keep an eye on these lines for trending support and resistance. If we move up to fill the next targets for beans, we would target price and time up to 14.52 by 7/23-7/24….
A move above the gray median line would have targets up to 16.28 with a price & time target around 8/13. *** I wouldn’t set my sights on 16.28 and hold off selling anything up to that point***
I will be focused on the 15.11 -15.45 targets if we get there. The 15.11 target could set up a “Bull Trap” reversal. **Buy stops just above the 14.80 high, but failure to carry momentum higher….
A move above the gray median line would have targets up to 16.28 with a price & time target around 8/13. *** I wouldn’t set my sights on 16.28 and hold off selling anything up to that point***
I will be focused on the 15.11 -15.45 targets if we get there. The 15.11 target could set up a “Bull Trap” reversal. **Buy stops just above the 14.80 high, but failure to carry momentum higher….
