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CoinedByCrypto
Aug 12, 2014 2:25 PM

CORNY....For a reason 3 drive to a bottom Long

Teucrium Corn Fund ETVArca

Description

A bullish move after a 3 drive to a bottom looks possible here
Positive divergens on RSI hourly chart

Time well tell... as always
Safe trading Ladies & Gents!
@BLawrenceM
Music at work::
open.spotify.com/track/5RYRuq30bERobwwFj9VtmO
youtube.com/watch?v=V4oHyAOVCMw
Comments
CoinedByCrypto
30 min close up 85 bar perfect harmonic symmetry for the 3 drive to a bottom pattern 85 bars and a 200 fib ext. at 2.44
CoinedByCrypto
A follow up chart .....Wild swing after the short squeeze and the pattern panning out
CoinedByCrypto
I do have buying interest at these lvls.. 25,80 area - but have to wait and see if move down today turns in to a bear flag with the potential of making a double bottom.... and a possible corrective ABCD harmonic pattern
KevinT
Looks like it has found it's natural balance. Moves in the same range as the weeks before. Positive divergence still in play.
I keep observing my favorite vegetable till i see some signal.
CoinedByCrypto
Corn will probably be opening at 27.09... (looks that way 5 min before opening bell) we are within the target zone for the 3 drive to the bottom.... I'll be selling at
CoinedByCrypto
This tick before market open looked promising... but didn't happen at open
KevinT
Nice call. How did you see that drop comming?
I closed my longs temperarily because it went OB and hit the bottom of 14 July. But I didn't expect a drop of this extend. So I didn't re-enter.
What's your secret ingredient?
CoinedByCrypto
Have wrote U and PM with this chart
CoinedByCrypto
CORN chart 27.13 on corn seems to be near term target.
Volume black hole see right side volume peaks) , fib 1.168 and wolf wave target all fit together
KevinT
Next hurdle is the 20 MA

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