Soybeans Bearish Butterfly Setup

Here is a monthly chart of soybeans with a potential bearish butterfly setup completing around 1900. The fib confluence is great and it has an ABCD into the 1.272 extension. The AB extension is at 1.618 and the BC extension at 2.24.

About The Ratio Trader

A full-time trader and student of the markets. My main method, and area of study is harmonic price patterns, and structure analysis.. I've been involved in the markets since 2004. I trade the Stocks, Futures, and Forex markets using the above mentioned method.
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