Speculative ....A corny call for a bullish move using EW
Yes I know .... rumor says:
The harvest of corn is magnificent this year. But I'm a contrary trader on the hunt for a bottom and a reversal at this level.
Nothing is for sure yet BUT! Do we find a floor here and do get a reversal around the 25 handle....???
then this EW-count is conceived as a trading plan to be pulled out of the drawer and executed.
MACD have positive divergens...but is it enough?
I'm still neutral .
The low volume at the handles above structural resistance makes me go for at longer 5th wave run than the 3rd. That doesn't conflicts the the EW rule saying the 3rd wave can't be the shortest - 1st wave will be. But then again the 5th wave could also just be 0.62 of i or the same length. Time will tell....as always... have to see the waves unfolding... then we'll see from there.
Safe trading ladies and gents!
@BLawrenceM
Music at work:
www.youtube.com/watch?v=t4H_Zoh7...
open.spotify.com/tra...v89f7Dpm5Hce1XkBbjQZ
Yes I know .... rumor says:
The harvest of corn is magnificent this year. But I'm a contrary trader on the hunt for a bottom and a reversal at this level.
Nothing is for sure yet BUT! Do we find a floor here and do get a reversal around the 25 handle....???
then this EW-count is conceived as a trading plan to be pulled out of the drawer and executed.
MACD have positive divergens...but is it enough?
I'm still neutral .
The low volume at the handles above structural resistance makes me go for at longer 5th wave run than the 3rd. That doesn't conflicts the the EW rule saying the 3rd wave can't be the shortest - 1st wave will be. But then again the 5th wave could also just be 0.62 of i or the same length. Time will tell....as always... have to see the waves unfolding... then we'll see from there.
Safe trading ladies and gents!
@BLawrenceM
Music at work:
www.youtube.com/watch?v=t4H_Zoh7...
open.spotify.com/tra...v89f7Dpm5Hce1XkBbjQZ
