Corn - Consolidation, mixed picture, way is more likely up

53 0 3
- Tenkan/Kijun is in weak bullish cross
- Chikou Span likely makes a weak bullish cross too above Price candles.
- weekly HA candle is small body with lower and higher wicks, haDelta crossing back above SMA3
- last two weekly candles touched Kijun Sen, which prove to be good support

Most likely the pull back wave is over with this week's candle. It means after a Kijun Sen retest Price is ready to go higher from here. Watch 414-416 level, as a weekly break above the horizontal supp/res and the Kumo will open space for a longer term bullish move.

- Price attempted a bearish Kumo break, but in fact the Kumo blocked the move. 366 proved to be a good support for Corn             . Now Price is back to the Kumo, trades between Tenkan and Kijun. We can say this is still a consolidation with Price trading at short term equilibrium.
- HA candles are green with haDelta and its SMA3 well above zero line. Oscillator is bullish .
- If Price breaks above Kijun Sen and later above the Kumo too, that will open space ahead of a stronger bullish move. 415 is a key level on the daily chart too.

Strategy is: buy on dips until Price holds above 366, the way is more likely up.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out