Peter101

Soybeans: It takes time to make a move

Peter101 Updated   
OANDA:SOYBNUSD   CFDs on Soybeans
7
If we look to two patterns, the triangles green and red the both need some time to finish the pattern.

If we look on fractal basis we can come to an other conclusion. The fractal comparison of this pattern could give some indication in what direction we could go but this is not an outcome for sure... but it can help for decision making.
In 2015/2016 we can see a little triangle which breaks out in the spring of 2016...
If we extrapolate this pattern to the timeframe in 2017 the big triangles look very promising and we could foresee much higher prices ...
Time will tell...
Comment:
This could be the outcome...

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