opportunity for re-entry

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soy went from being one of the hottest commodities to losing all its steam. a double bottom, a classic reversal pattern, was formed last week. after descending for months, a retracement to the 50/61 fib level could mark the beginning of an uptrend.

some confluence: the DBA broke out of its ascending triangle chart pattern.

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ملاحظة

price did not pullback hard enough. re-drawing the fib could still assist with a suitable entry point.

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