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Trend of Bull Bias SOYBEAN Daily
▸When SOYBEAN is in Bull Bias:
- then SOYBEAN moved to higher Market State: 140 times — 43.9%
- then SOYBEAN moved to lower Market State: 179 times — 56.1%
▸Current SOYBEAN market energy: 51.45%
- Distance to upper bound of Bull Bias (at 60%): 8.55%
- Distance to lower bound of Bull Bias (at 20.88%): 30.57%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
After the Daily candle closes, Result for SOYBEAN: the energy zone tilted toward Bull.
On the 2AiTrading energy system, Market Energy moved from 14.8% to 51.5%, up +36.6% from the previous candle.
Time in Bull Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, SOYBEAN Market Energy ranged from -86.2 to +51.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was SOYBEAN on Daily when this candle closed?
When the Daily candle at 07:00 on 23-04-2024 closed, SOYBEAN was in Bull Bias with Market Energy 51.5%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy rose 36.6 percentage points from the previous candle — from 14.8% to 51.5%.
What state was SOYBEAN in on the previous Daily candle?
The previous Daily candle had SOYBEAN at 14.8%, Neutral — when this candle closed, SOYBEAN moved up to a higher zone: Neutral → Bull Bias.
Where does SOYBEAN energy sit within the Bull Bias zone?
At 51.5%, SOYBEAN is 8.55 points from the upper boundary of Bull Bias (60%) and 30.57 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 51.3%; GER40 (European equities) in Bull Extreme with energy 79.6%. Against this backdrop, SOYBEAN (Bull Bias, 51.5%) lower than GER40; sits in the same state zone as SPX500.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -46.9%. SOYBEAN (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for SOYBEAN.
Open Energy ChartSee the full 2AiTrading Model data for SOYBEAN on the SOYBEAN overview →
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