S1) $6,832. R1) $7,281
S2) $6,168. R2) $7,713
S3) $5,400. R3) $8,500
What is going on my fellow traders. I have been analyzing the corn all dayyyyy and figuring out its next move. My top three indicators as you can see are Log BB %B which has been a huge help in figuring out the bounces since 2/4/18 (huge help). If the pattern continues we should be looking at a bounce very very soon. We have three supports around S1) $6,832
S2) 6,168 and my personal final target which is about S3) $5,400. My previous take of a possible H@S at $7,281 failed and the bears took control. I can see a short term potential bounce at the S1) $6,832 level which my laguerre-RSI is indicating, (oversold) and the RSI is getting ready to curl up for a potential rise up to about 55 RSI then back down. Overall, If we do break S1) $6,832 I believe my S2) $6,168 target will be broken immediately from bearish sentiment and we will be heading to the $5k’s, as my final target. If we do get a powerful bounce at S2) $6,832 bullish sentiment is still alive and lambos are coming :D if not...doom soon which SHOULD hit us with a powerful bang at $5,400 which I have SET as my final target. Hopefully my anazlysis was a huge help and HAPPY TRADING. MAKE SURE TO HAVE A SL SET WITH A ENTREE AND EXIT PLAN BEFORE PLAYING THIS GAME. WHALES ARE HUNGRY TO EAT YOUR HARD EARNED MONAYEE :(
-Pedro K.
S2) $6,168. R2) $7,713
S3) $5,400. R3) $8,500
What is going on my fellow traders. I have been analyzing the corn all dayyyyy and figuring out its next move. My top three indicators as you can see are Log BB %B which has been a huge help in figuring out the bounces since 2/4/18 (huge help). If the pattern continues we should be looking at a bounce very very soon. We have three supports around S1) $6,832
S2) 6,168 and my personal final target which is about S3) $5,400. My previous take of a possible H@S at $7,281 failed and the bears took control. I can see a short term potential bounce at the S1) $6,832 level which my laguerre-RSI is indicating, (oversold) and the RSI is getting ready to curl up for a potential rise up to about 55 RSI then back down. Overall, If we do break S1) $6,832 I believe my S2) $6,168 target will be broken immediately from bearish sentiment and we will be heading to the $5k’s, as my final target. If we do get a powerful bounce at S2) $6,832 bullish sentiment is still alive and lambos are coming :D if not...doom soon which SHOULD hit us with a powerful bang at $5,400 which I have SET as my final target. Hopefully my anazlysis was a huge help and HAPPY TRADING. MAKE SURE TO HAVE A SL SET WITH A ENTREE AND EXIT PLAN BEFORE PLAYING THIS GAME. WHALES ARE HUNGRY TO EAT YOUR HARD EARNED MONAYEE :(
-Pedro K.