Soybean Analysis Using Fibonacci & W.D. Gann

Soybean Analysis Using Fibonacci & W.D. Gann

The chart is key to this analysis.

There are two methods we use at ONE44 to find support and resistance in the markets.

The first are major Gann squares, these are the yellow horizontal lines on the chart.

The second is Fibonacci retracements.

We have done 45 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.

Here is the latest.

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This is our analysis for November Soybeans for this week. You can see on the chart how many lows held a Fibonacci retracement since the contract low.

November

From last week,

The small range for the week had all its closes below the 1145.25 major Gann square and swing point for the week and it hit the key 38.2% retracement at 1127.00 and this will be the key level for the week and longer term as well.

Use 1127.00 as the swing point for the week.

Above it, the short term target is 38.2% back to the 5/13/26 at 1161.00, this is the level that needs to be taken out to turn the short term trend positive. The longer...

The market held the key long term 38.2% level at 1127.00, it did make a new low for the move and this lowered the retracements above. With the new low the rally could only get to the short term target of 38.2% back to the 5/13/26 high at 1156.00 and this will be the key level for the week. If all it can rally after holding 38.2% (1127.00) of a bigger move it is not a good sign and could make a new low.

Use 1156.00 as the swing point for the week.

Above it, the short term trend turns positive. The short term target area is 1178.00, this is 61.8% of the same move and the 1185.75 major Gann square. The long term target is 78.6% at 1194.00, this would put it back at the long term swing point.

Below it, the short term target is the long term swing point at 1127.00, taking this out also turns the long term trend negative. The longer term target is the 1100.75 major Gann square. The long term target is 61.8% back to the contract low at 1073.00.

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Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.

If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member.

You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.

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