Taking a look at the 7x email alerts for Futures for the week of Oct 29

This week in the futures world, we had Soybean oil 7 time email alerts. So took a look at the 7x email alerts. Typically a 7 time email alert is high probability for a trend to begin. But it can also be a high probability to reverse.  Lets take a look at this at past week high probability email alerts.

soybean oil alert

 

Take a look at the 30m consolidation. The cloud break out failed and pulled back across the MTF to reverse.. Lets take a look at the chart.

 

soybean oil chart

 

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About the Author Michel Colquitt