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Trend of Bear Bias SOYBEAN 1H
▸When SOYBEAN is in Bear Bias:
- then SOYBEAN moved to higher Market State: 940 times — 56.2%
- then SOYBEAN moved to lower Market State: 734 times — 43.8%
▸Current SOYBEAN market energy: -27.92%
- Distance to upper bound of Bear Bias (at -20.88%): 7.04%
- Distance to lower bound of Bear Bias (at -60%): 32.08%
"Does history really repeat itself?" — 2AITRADING
SOYBEAN recorded in the Bear Bias state as the 1H candle ended.
The market energy reading Market Energy moved from 37.1% to -27.9%, down -65.1% from the previous candle.
Time in Bear Bias energy zone: 1 1H 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 -100 to +98.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was SOYBEAN on 1H when this candle closed?
When the 1H candle at 20:00 on 04-08-2023 closed, SOYBEAN was in Bear Bias with Market Energy -27.9%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy fell 65.1 percentage points from the previous candle — from 37.1% to -27.9%.
What state was SOYBEAN in on the previous 1H candle?
The previous 1H candle had SOYBEAN at 37.1%, Bull Bias — when this candle closed, SOYBEAN moved down to a lower zone: Bull Bias → Bear Bias.
Where does SOYBEAN energy sit within the Bear Bias zone?
At -27.9%, SOYBEAN is 7.04 points from the upper boundary of Bear Bias (-20.88%) and 32.08 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Neutral with energy 18.9%; GER40 (European equities) in Bear Bias with energy -20.9%. Against this backdrop, SOYBEAN (Bear Bias, -27.9%) lower than SPX500; sits in the same state zone as GER40.
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 Extreme with Market Energy -97.7%. SOYBEAN (Bear Bias) and DXY currently sit on the same Bear side.
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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