Soybeans touched the ascending median line objective on March 22. The market stopped at the median line and posted two consecutive lower closes as it pulled back to the 20-day SMA. This is a possible bullish TR pattern forming inside the prior market swing. A trade above $9.76 1/2 would confirm the pattern and trigger a price move towards the reaction line. It is not time to make a move on this market, but it is a good market to put on your radar.
