themarketzone
Long

Correction near the 50% Fib and inside a support zone

AMEX:CORN   TEUCRIUM CORN FUND ETV
After breaking down two uptrend lines, $CORN is back the 25.5$ zone (now support).
The levels between 25.5$ and 25$ is support zone to monitor that comes with the 50% Fibonacci level.
Yesterday's strong selling could mean that the price will continue to dive to test the bottom of the trading zone. In that case, if we will see a reversal near the 50% level, a stop loss below the 61.8 Fib could be the right thing to do for those who want to try to jump back on the minor, new uptrend.

United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out