themarketzone
Long

Correction near the 50% Fib and inside a support zone

AMEX:CORN   TEUCRIUM CORN FUND
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.

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Tomer J,
The Market Zone - You trading Edge
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