Corn bounced right off the range I mentioned on my last idea, Aggressive traders might go long here but it's probably best to wait for MACD signal and further strength. Seasonally corn is Not bullish at this time of the year, so it's best to be careful with longs **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a...
Daily Chart Explanation: - Price bounced on the Major Resistance Zone and started the down move. - It reached our first target for the bear move at the Middle Support Zone (4.00). - Now, it has potential to move down towards our second target at the Support Zone (3.395). - We are looking for sell setups on lower timeframes. Check our our Weekly Vision. Updates...
First attempt at analysing grains. Curious to see how this plays out
target for short corn idea that I posted was hit, now I’m looking for a tradeable low, more downside is likely but it’s probably better to stay flat and let the market figure out from where to bounce and then get on the trend. If 400 doesn’t hold, a low might form in the 380-391 region ** Just an idea NOT a forecast
I have been hovering over the buy button on corn past week. Wasn't convinced enough to enter, and now heading back to Fib retracement towards $4. The closer to this the stronger chance of a rally - from either fundamentals coning out due to crop damage and lower yields, and also some technical short closing since last rally. Keeping in mind the August report,...
I feel corn is an easy trade at moment. If we look at 4.29 as a kind of average way point at the moment. If it shoots above that with more news of more crop issues in US, look for an overbought RSI to short or jump on the long train if feel confident. There are uncertainties of the amount of acreage planted, and extended heat causing further crop damage, but...
hey guys this is a short term short today we hit 10700 and now we are breathing out this is normal for any market you cant breathe in without exhaling thats all that is happening. im not sure where this will end but im thinking 10100 then back up for a small climb and back to your long position you go so in total im short term bear next 12 - 14 hours until...
4 Hour Chart Explanation: - Price bounced on the Resistance Zone (check it on the Weekly or Daily Vision). - Price broke the Ascending Trendline. - Price is, currently, on a Bearish Corrective Structure (ABC Elliot Count). - If it breaks it at 4,215, the Short Move will be started. - Our targets for that down move are the two Middle Support Zone and, finally,...
this is an idea based on fundamental and technical analysis, we are at a potential buy setup as the fundamentals(the report referred) suggest a minor supply and bad planting timing of the crop. it has to be remarked to read the comment of the acreage report at the end of the document and understand how the crop grows. if focused only on the first page of the...
COINBASE:BTCUSD .. .. Tic by Tic Bitcoin Scalper A groups of technical indicators to find entries & exits at exact reversal points.. The Mighty Doji along with decoding the visual data allows this... ( If only my TA & frame of mind could be up to the challenge! ) What else does one do after getting supremely REKT by the Corn A pursuit of...
Corn, weekly chart: 4 years long resistance zone + "Evening Star" candles pattern + Divergence on RSI(14) + "Shooting Star"/Pin bar candle pattern on monthly chart.
4 Hour Chart Explanation: - Price bounced on the Macro Resistance Zone and broke the Ascending Trendline. - It is currently retesting the Resistance Zone (Pullback). - If price starts its down path, we have two potential targets points: the Middle Support Zone at 3,782 and the Major Support Zone at 3,424. Also, our Weekly and Daily Analysis are short views on...
CORN has broken out of a bullish descending wedge pattern to the upside, entered a bearish rising wedge, broken down and back-tested the previous resistance level before bouncing back. There are positive divergences on the charts which suggest a much longer up trend in play. These positive divergences can also be seen on the weekly and monthly charts of CORN which...
Yellow line is entry; Stop loss is the red line; Take profit are the green lines;
Bias: Downwards - Monthly pinbar - Look for price to test the 200 day moving average (red)