MaryJane

H&S vs. bullish wedge: and the winner is...the wedge!

CBOT:ZC1!   CORN FUTURES - ECBT
36 0 9
The strong Support (neckline was bought) an the wegde got triggered. Corn             moved up to th             fibo 50. Nice!

Former analysis
Who will win the game?
Corn             reached a Pivot Support Level @ 347. Below that Level i exspect a further downmove to the former low @ 318
Should the bullish wedge be triggered, a dead cat bounce till 383 (38,2 fibo) can be exspected.
Worst Case: If the H&S will develop, the Worst Case TP would be @ 250
https://www.tradingview.com/chart/ZC1%21/hSmVdTff-H-S-vs-bullish-wedge/
snapshot
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