@factor_members Peter, I wonder if oil is on your radar here.
Upside looks more likely to me, but the real point is the tight compression.
The risk is clean, and if it opens up, the upside has room.
That small box is what makes the setup interesting.
@factor_members Anyone know what happened in Soybean Meal today?
Meal ripped right after the open, then faded a bit, while beans and oil didn’t really follow. Was there a specific headline or fundamental catalyst?
@factor_members The more I work with LDR and 3DTSR, the more I appreciate how much trading history is packed into those rules.
I’d love to know how you came to develop them.
@factor_members $ZS_F Soybean. Is this cup-and-handle valid? Looks like it’s starting to break out now. The handle wasn’t perfect, but the structure is close enough, and price is trying to clear the rim. What matters from here is whether it can hold above the breakout level.
@factor_members Agreed, 2X feels like a low-probability target for this swing.
Still, if Beans reaches the 1X target, ZS1! would be sitting right below a potential Cup & Handle.
That’s where it could get interesting.
@factor_members Do you think technical analysis is meaningful on a second-nearby continuous futures chart, such as ZS2! for soybeans?
If so, how would you use it in practice?
Would you trade it as a standalone chart, or mainly use it to confirm the front-month chart and the futures curve?
@factor_members Maybe I’m not understanding it correctly, but wouldn’t we need to see price actually get rejected from this trendline to know whether it’s working?
For now, it still looks like a line connecting just two points, so I don’t think we can really tell yet whether it’s valid or not.
@factor_members $ZL_F Soybean Oil got to the first target, so I’m watching to see if today turns into a 3DTSR setup.
Still, the way it’s reacting off the 8DMA matters. If buyers keep defending that line, this may just be a breather inside a pretty strong trend, not the start of anything bearish.
@factor_members $ZS_F Nov soybeans look more interesting. The daily isn’t just a vague triangle anymore. It’s looking more like a real ascending triangle now. Weekly also has a pretty clear inverse H&S structure building.
Still needs the breakout, but the setup is getting cleaner.