This is a log scale chart, showing a downtrend line coming from our plunge from 13000.
Ive been waiting for a major retrace of this insane move up for a LONG time now..
Looks like it may finally be here, with 10k acting as major resistance, this new trendline keeping us in check - were between a rock and a hard place.
We also have a potential rising wedge break here:
Grabbed a short at 9900 and will be looking to close around the following targets 9230, and take the rest off at 8700, will begin buying in the green box ( 8600-8200 )
Corns not dead shes just tired
Ive been waiting for a major retrace of this insane move up for a LONG time now..
Looks like it may finally be here, with 10k acting as major resistance, this new trendline keeping us in check - were between a rock and a hard place.
We also have a potential rising wedge break here:
Grabbed a short at 9900 and will be looking to close around the following targets 9230, and take the rest off at 8700, will begin buying in the green box ( 8600-8200 )
Corns not dead shes just tired
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This is significant
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First Target Hit
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Using profits to open a hedge here - 100MA support and .786 retrace level. Tight stop on both positions
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Update is here boyos
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