Beans seem to be in something of a holding pattern...at least since they hit 12 bucks. If one were to call 157.50 a topish then th thin red horizontal line at 123.75 would be the 50% from 90 to 157.50.

While it doesn't look like a strong turn and up from here it has at least held with slight climbing of the red 1x1 trendline.

Definitely not what I'd call a sure bet.

The thicker red horizontal at 135 is 50% of 1800 top some years earlier from 900. That makes 12 buck beans significantly below that 50% level...possibly suggesting a weak possition.

Could guess at direction from here but that's not what this is supposed to be about...guessing, that is.

With no clear indication, at least in my book, must wait for some clearer sign.