Soybeans & Fibonacci

(ZSN25) 

July

The chart is key to this analysis.

A little history first,

Back on 2/5/25 July Soybeans hit 38.2% back to the 11/15/23 high at 1100.00 and that kept the long term trend negative. When following the ONE44 38.2% rule we know that it should go make a new low to keep the trend intact and anything short of that can turn the trend, especially if it fails to make a new low in the area of a 78.6% retracement as it did on 4/7/25.When using the ONE44 78.6% rule, 

Any market that hits 78.6% should go 78.6% back the other way. This is also where a lot of Bull markets end and start.

 When a market does react to 78.6% it usually creates wide swings that go through all the other retracements, this either happens in very large trading ranges or very small, it is also ....

As you can see on the chart it completed the 78.6% (998.00) to 78.6% at 1079.00 target on 5/14/25. Just before that it held 38.2% at 1037.00 on 5/1/25 and again on 5/8/25 to keep the short term trend positive and it went on to a new high as expected.

 Where it is now,

The long term target after hitting 78.6% at 1079.00 is for it to go 78.6% back to the 4/7/25 low. As always we will watch all the retracements on every move to see just how weak, or strong the market is regardless of the longer term target.Today it hit 38.2% at 1046.00 and you can use this as the swing point for the week. Provided this level can hold we will be looking for a new high, per the ONE44 38.2% rule. A failure to hold this level can then send it to the 78.6% level based on the ONE44 78.6% rule.

We hope by looking at the chart and all the times the market has turned at a Fibonacci retracement you will see just how important they are and should be in your analysis.
 

We have done 47 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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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.

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