nov beans daily chart and count

 Chart above showing the wave 1 and wave 2 scenario with wave 3 targets


There are a couple different counts that im playing with here The bullish count  is that wave 1 is finished and a shallow wave 2 has been put in or we are just now starting the 5th wave higher in an extended wave 5 that could target the 1484 level. both of these counts would call for higher prices. (For the wave 5 scenario to play out the 1198 level must not be violated.)

The second scenario is that we have finished 5 waves higher and currently in the B wave of a zig zag for a wave 2 with the c leg lower to come.

The fifth wave scenario I gave is my preferred count as of now just as long as 1198 does not get violated.  a break of 1252 on the upside is going to be the first clue that my count of the 5th wave higher  may be correct.

no position here as of yet