ื”ืชื—ืœ
ื—ื•ื–ื™ื ืขืชื™ื“ื™ื™ื ืชื™ืจืก
ืœื•ื ื’

โžกReady for the following corn level? ๐Ÿ’ฅ

ืžืืช โ€Žp4917โ€Ž
ืžืขื•ื“ื›ืŸ
I'm still invested with the rest of my original position long in corn, but I'm ready to scale out completely. But just now, I've noticed that the highs and lows from yesterday and today COULD form a beautiful symmetric triangle. So in this uptrend, this could be a chart pattern that indicates a continuation of the existing trend in corn.
ื”ืขืจื”
The triangle was drawn a bit too narrow. Current version:
ืชืžื•ื ืช-ื‘ื–ืง
ื”ืขืจื”
If the next candle opens and closes also outside the triangle, the bullish case is broken and I'm expecting rather an correction in the corn price.
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง
ื”ืขืจื”
Okay, seems like we are back in business. ;)

ืชืžื•ื ืช-ื‘ื–ืง
ื”ืขืจื”
Continuation of the bullish trend is now very likely.

ืชืžื•ื ืช-ื‘ื–ืง
ื”ืขืจื”
Price action looks a bit weak ATM. So it could be wise to extend the triangle like this:

ืชืžื•ื ืช-ื‘ื–ืง
ื”ืคืงื•ื“ื” ื‘ื•ื˜ืœื”
Setup no more valid- triangle broken to the wrong side.
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p4917

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