As I update this, we have today's low in November Soybeans hitting 1384.00, this was 78.6% of the 8/24/22 high and 8/3/22 low to the Tick and so far a 48 cent rally. We will now follow the ONE44 78.6% rule.
We have today's high hitting the 688.00 target to the Tick. This target was given when it held the 38.2% level on 8/16/22 at 610.00, it is 61.8% and we will now follow the ONE44 61.8% rule.
From last update,
Above 829.00, look for 23.6% back to the contract high, this is 874.00.
Today's high fell Two Ticks shy of 874.00, this is 23.6% back to the contract high.
Here is what to look for now...