Technical analysis

Soy Wave Analysis 10 November, 2020

Soy Wave Analysis 10 November, 2020

• Soy rising inside sharp C-wave

• Likely to reach 1150.00

Soy continues to rise under the strong bullish pressure after the price broke above the round resistance level 1100.00 (which stopped the previous minor impulse wave iii at the end of October).

The active impulse wave (iii) belongs to the sharp upward C-wave inside which Soy has been rising from the middle of August.

Soy is likely to rise further toward the next resistance level 1150.00 (target price for the completion of the active impulse wave C).

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