Soybean addendum

This is a look at the subwaves. I believe that beans completed a running triangle (p. 49-50, Figure 1-43, Elliott Wave Principle).

This is a beautiful structure with nice fib relationships. Notice the gap over minor A, in what's known as "the point of recognition." This happens in the 3rd of a 3rd wave, in this case (iii) of [iii].

Wave [i] equality is at 10590. It would be nice to complete C at that level.

Remember, in order to maintain a bearish count, price needs to finish this counter-trend rally fairly soon.

This is the September contract. The daily chart posted below is of the continuous. There are slight differences in price.

For you beginners, this is a great learning chart.