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Elliott Wave Analysis: CORN In A Temporary Consolidation

CBOT:ZC1!   CORN FUTURES - ECBT
On the 4H chart of CORN             we are observing a possible three wave set-back taking place, that could ideally reach 390-400 region before turning again lower in black wave (2). That been said, on the alternate scenario black wave (2) could be already completed and more downside could be here early.

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