Corn 
ZC1! is showing signs of a reversal, and it has confirmed the following:
If everything aligns as expected, it could aim for a break of the current trend. For now, it’s important to take it level by level.
ZC1! is showing signs of a reversal, and it has confirmed the following:- The daily trend was activated at yesterday's close, with enough momentum to push above 450.
- The weekly trend is also active, following a classic five-bar trend pattern, indicating a strong reversal signal.
- Once it reclaims 433, it should quickly move toward the first target of 466.
If everything aligns as expected, it could aim for a break of the current trend. For now, it’s important to take it level by level.
Trade closed: stop reached
Lack of momentum against the first trouble area.I might aim for another long closer to the range lows. I’ll wait this one out.
First loss on
ZC1!, will keep an eye for another setup
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.