Soybeans 

March

(ZSH25) 
The chart below 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. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements and this is what most of this post will be about.

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. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements and this is what most of this post will be about.

There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.

This is the short version.

A 38.2% level keeps the trend intact and new highs/lows should follow.

A 23.6% level shows the market is extremely strong, or weak.

A 61.8% level can cause wide swings and keep the market in a trading range.

A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.

We have done 44 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.

NOW

The last two setbacks have held 38.2% retracements on 1/7/25 and 1/16/25. We explained what we were looking for at those levels and why. Below is our update for Soybeans for the next week.

1/16/25

March

From last week,

Last Friday closed right back below 1005.00 and that turned the short term trend negative again. On the plus side the setback from 1005.00 (38.2%) only got back to 38.2% to the 12/19/24 low at 989.00 and this level will be key for the next week. Holding a 38.2% level of a smaller range after coming off from 38.2% of a much bigger range can be a very positive sign. As long as it holds 989.00 a sharp rally can follow.

Use 989.00 as the swing point for the week.

 Above it, the target area is the 1037.00 major Gann square and 61.8% back to the 9/30/24 high at 1042.00. The long term target....

It held 38.2% at 989.00 and a sharp rally did follow up to 1064.00, however the last 3 days of trading took it back down to 38.2% back to the 12/19/24 low at 1019.00 and this will be the key level for next week. Provided this level holds it can send it right back to the recent high and more. A failure to hold this level can send it to 78.6% of the same move.

Use 1019.00 as the swing point for the week.

Above it, the long term target area is the 1086.50 major Gann square and 38.2% back to the contract high at 1095.00. The short term target is 78.6% back to the 1/14/25 high at 1055.00, as always failing to make a new high in the area of 78.6% retracement can cause a sharp selloff.

Below it, the short term target area is the 981.00 major Gann square and 78.6% back to the 12/19/24 low at 962.00. A failure to turn hi9her from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next two are 925.25 and 865.25.

ONE44 Analytics where the analysis is concise and to the point

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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