Corn SHORT with hidden divergence & Stoch crossover in dailyThis is my first trade in the project 1000x. Both monthly and weekly views show that there is still place for the bears to push the price lower. We had a good red candle with bearish Stoch crossover at a key TL. Hidden divergence is in play, too. Thus, I risked somewhat $500 for this is my first trade in the series where I take the challenge of turning a grand into a million. In each trade, I will risk half of the capital I reserve for this project, finally reaching $1M with trades having at least 1:2 RR. For the details of the project, you may visit project1000x.blog.com.
Trade ideas
Major bearish trendbreak? Strategic reversal in 2016?Weekly:
- We need some more bullish momentum to get validation for the major trendline break. If that thick red line breaks, that means the end of a 2,5-3 years volatile bear market.
- Strategic reversal would really be confirmed above 395!
Daily:
- Ichimoku neutral with bullish bias. Forward Kumo 26 days ahead is about to deliver a bullish Senkou cross. (Bullish Kumo twist)
- haDelta/SMA3 may deliver a sustainable bullish cross above zero. Heikin-Ashi looks positive
- EWO is bullish
- Key for bullish continuation is a break and close above 372-375
Corn weekly TAI am not sure if seeing the last price action within a triangle is a legitimate technical stance, but it seems the triangle break is imminent. Bullish targets for this breakout is so close, so let's hope it's going to break the support. I will not trade this until the weekly picture is cleared.















