Let us consider the continuous futures contract of SOYBM meal: H4. Price has approached the upper boundary of bearish channel and has formed the bullish triple bottom figure (marked in yellow)


SOYBM


At the same time a bullish divergence is the most remarkable signal, formed by RSI-Bars oscillator. After the flat motion pattern started the oscillator signal updated maximums in upward trend channel. In view of the other signals described above, the most probable direction of motion is an upward movement – trend changing is probable. We expect completion of "bear’s holiday". A pending buy order can be placed above the fractal resistance of 326.47 – it was confirmed twice. It should be remarked that the breakdown of this level will eventually lead to updating of Donchian channel maximums. Additionally H4 trend line will be crossed. The last argument in favor of long position is the triangle pattern, formed by the support level of 316.03 and the H4 trend line: the market is consolidating before the new volatile pulse. 
We can make a protection of long position by using "triple bottom" figure: a stop loss order can be placed below the 316.03 fractal mark. Stop loss is to be moved every four hours near the next fractal low, following Parabolic signals. Thus, we are changing the probable profit/loss ratio to the breakeven point.
  • Position Long
  • Buy stop above 326.47
  • Sell loss below 316.03

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