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Zc1

"Short Setup on Corn (ZC1!)" by ThinkingAntsOk4 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, the Weekly Support Zone. Check our Weekly and Daily Analysis. They can be really helpful for you! Weekly Analysis: Daily Analysis:
OANDA:CORNUSDShort
by ThinkingAntsOk
CORN LongCORN 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 also firm up the thesis of a new long term uptrend. When measuring the height of the wedge pattern and adding it to the breakout point, the anticipated price coincides with a former support/resistance level.
AMEX:CORN
by BigMouse777
1
Corn Weather Market Losing Steam? In the ZCZ2019 chart, I see the potential for another leg up however I believe it could retreat down to test the current support line. On 4/30 I bought corn around $3.80 feeling the low had been put in, after a few discomforting days I was correct. Due to delayed plantings and not optimal weather looking forward the market exploded up. I exited this position around the $4.40 range and enjoyed the nice profit, skeptical the market could not bust through the $4.54 price level. Now that the market has broken through that level of $4.54 I am not adding to a Spec long position, while there is certainly upside potential left, I feel the market will struggle in the coming days and weeks to continue the great run it has displayed over the past weeks. That does not mean I am ready to initiate a short position, I feel the upside potential of 8.5% to the upside is still greater than a potential selloff. I will be keeping a close eye on the market in the coming days and weeks if we do continue to rise an additional 8.5% and reach $5.00 +/- I will be preparing to enter the market as a bear. I do not forsee a freefall taking place but do see the potential for significant price reductions if we reach these levels. For the time being, I remain patient, sitting on my hands. **Educational purposes only**
CBOT:ZCZ2019
by GrainCharts
ZC1! - What to expect on the 4hr - CORN FUTURESSo check my last chart to see where I told you what needed to happen to get here. Spoiler alert. I was spot on. Now we have a fresh high and fresh failed to gain. Not a bad place to get short with tight stop just above previous highs. BUT TO TRULY KNOW IF THIS IS THE TOP... you have to lose the high. Look for a close below the last leg that took you up and then get short on the pull back to test that previous local high. This could be the last pullback before the drop, if there are no closes above the top green line. But typically there is a significant pull back after it close below the last leg up and thats usually where I get in on trend reversal signals.
CBOT:ZC1!Short
by SatoriTrades
CORN DAILY CHART ANALYSISKey Level: 387’6 I’m working on the idea of triangle wave (B) complete and wave (C) is developing into 5 wave motive structure. By using Elliot rule of “WAVE 2 never retrace 100% of wave 1”, we can establish an invalidation level that served as our key level of this analysis. If wave (B) complete, corn has no business to go above 387’8 level and I’m looking forward to short with corn in wave 3. Let’s see how corn market develop in the next coming days, week and month :D Please leave a comment if you have any idea and suggestion to improve this corn analysis. Happy trading
CBOT:ZC1!Short
by pengiran-
Buying Corn @ the Bat @ Trendline; Aiming for the Bearish BatI wanted to show the longer term view. Corn has been bullish but I have patiently been waiting to short at the large bearish bat/2618 trade set-up (linked below). However if you zoom in you can see the potential buy set-up near the trendline based on 2 different bullish Bat patterns (yellow and pink). I will be watching price action near their completion points to choose which to take. I will move stops to B.E at TP1 of the pattern I choose and will likely choose to aim for the entry of the bearish Bat which would make a great long trade. (Note: the bearish Cypher (blue) is only valid if the bat patterns do not complete!)
OANDA:CORNUSDLong
by SharkbaitAl