ZC1! trade ideas
UPTREND SUPPORT SLIDING DOWN - CORN - ZC1! - 30MNWe have seen an up trending line hidden but being actually acting like a super strong resistance line stopping the market to go further up. Shall we see it like a regulated price for the Corn ? Not sure. But this line is clearly sliding and in a very regular way giving us a probability to see it sliding further.
The black arrow are showing the sliding effect.
We have marked with a red line the potential next break. if it breaks, there is a strong probability to see the market going down further to the next blue line down, following the logic of a next level of support from past history data.
We have also market in green a potential break up, as the market decides at the end. But, that point can be seen as a probable good entry for a short position direction. A potential pullback down might occur as the candlestick in the red circle shows a brake in the uptrend. it is a signal. Huge volumes have been stopping the market from going up further.
For the moment we stick to the possible short direction scenario.
According to my experience. I expect a hike. Short term dealA purchase bargain
I am not using take profit. And stop loss
If you want to exit the deal. right on time. you can call me.
I welcome everyone
According to my experience. I expect a drop. Short term dealsell. short order
I am not using take profit. And stop loss
If you want to exit the deal. right on time. you can call me.
I welcome everyone
According to my experience. I expect a dropsell order
I am not using take profit. And stop loss
If you want to exit the deal. right on time. you can call me.
I welcome everyone
A short and Long view on the Weekly chart - CORN FuturesMain items we can see on the chart:
a) On the weekly chart, we can define 3 clear structures
b) The first structure is the support the price is currently in
c) The other 2 zones are the Targets we have either for the bullish or bearish movement
d) Our Long view will wait for the breakout of the descending trendline (yellow line) and we will expect for a corrective structure on a lower timeframe after that
e) The bearish scenario needs the support zone to be broken and then a corrective structure after that. The main target is the next support zone
f) Both scenarios have good potential in terms of movement
hurry up ..... guys do not miss it !!!!!!the corn starting an up trend the price will go to red zone and the will broke it and will do support in it and the price will go higher and higher
ZC bottom of the range on the monthlyUsing the linear regression trend tool, you can see that we're at the bottom of the range going back to 2014.
BUY: 2 First higher swing low on Corn after Double BottomFirst higher swing low on 2 day swing chart after a weekly double bottom indicating a possible minor target of 362.
CZ - LONGI hate to buck the LT trend but I think the LT reversal maybe upon us. So much injection of $$ inflation can not be held to nothing forever. Its coming, and probably already here.
