Corn Short To The Channel Bottom

10. März 2018

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10. März 2018

Anmerkung

profit taking on the red lines, 25%, 25%, 35%, 15%.

10. März 2018

Anmerkung

first profit line already filled, with this momentum I'm pretty keen on BTC bouncing at the channel bottom like on Feb. 6th. Volume is returning which is a good sign for the long term since at this point I can't see a huge volume outbreak to the downside.

11. März 2018

Anmerkung

11. März 2018

Anmerkung

Possible bearish continuation pattern forming on the 4hr, RSI's getting overbought quick and bear volume is still stronger. Kept a stop loss a little above the top resistance with enough room so a bull trap can't stop me out.

12. März 2018

Anmerkung

12. März 2018

Anmerkung

Rising wedge continuation pattern seems completed and 4hr RSI is almost fully oversold. If it does dump I'd expect a retest of 8k, 7.5k or straight to the bottom of the channel charted in this idea.

12. März 2018

Anmerkung

12. März 2018

Anmerkung

Clean break out of the rising wedge to the downside, used parabolic support to attempt to gauge timeframe.

13. März 2018

Anmerkung

check new idea

18. März 2018

Trade geschlossen: Ziel wurde erreicht