Soybeans

(ZSQ25) 

August
 

The August Soybeans have just completed the second 78.6% to 78.6% retracement in the last 3 months.

Here is the ONE44 78.6% rule,

Any market that hits 78.6% should go 78.6% back the other way. This is also where a lot of Bull markets end and start.

When a market does react to 78.6% it usually creates wide swings that go through all the other retracements, this either happens in very large trading ranges or very small, it is also the level hit most often when the market is reacting from 23.6% and 38.2% and fails to make the new high/low. This is where a lot of Bull runs start and end.

The first 78.6% level was 996.00 on 4/7/25 and the 78.6% target was 1075.00, this was hit on 5/14/25. The market retreated from that level and then hit it again on 6/16/25 and the target was 78.6% the other way at 1004.00, this was hit on 7/10/25. In between that move the market hit a 61.8% retracement at 1021.00 on 7/1/25 and following the ONE44 61.8% rule the target was 61.8% the other way and this was hit on 7/3/25 at 1058.00.

Provided the 78.6% (1004.00) level holds (one close below is fine) we will be looking for 78.6% back to the 6/20/25 high at 1062.75, this also is a major Gann square. Any rally that can't get above 38.2% of the same move would be a negative sign and a new low can quickly follow. A failure to hold 1004.00 will give us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 954.25.

This is our latest video (48 in total) on how to use the Fibonacci retracements with the ONE44 rules and guidelines.

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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.

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