Falling wedge forming on corn
Bullish argument:
Never stayed hugging the macro resistance trendline for so many weeks
Weekly sell of is gentle and bear flag ish
Sentiment is shot, everyone expecting more bear
Bearish argument:
Top is very rounded muffin top
Strong wycoff correlation
Broken out the bottom upward trendline of acending triangle, retetested and rejected
Staying cautiously bullish for now until uptrend is invalidated
Bullish argument:
Never stayed hugging the macro resistance trendline for so many weeks
Weekly sell of is gentle and bear flag ish
Sentiment is shot, everyone expecting more bear
Bearish argument:
Top is very rounded muffin top
Strong wycoff correlation
Broken out the bottom upward trendline of acending triangle, retetested and rejected
Staying cautiously bullish for now until uptrend is invalidated