- New lows being made on daily chart. Weekly chart looks like cliff diving is now reality rather than a mere possibility.
- Sell stop-in at 588 in ZCH2 triggered. Increased my short position (there was a false stop in between due to central bank coordinated action to cheapen swap facilities last week).
- Achieving eventual SHS technical objective below 400 (actually more like 380) would not be a surprise here.
2 comments:
Hi, I follow your blog and appreciate all your posts.
Wanted to highlight to you something on the daily chart for corn. There is a Swing Failure Pattern (something @Trader_Dante tweeted about).
Long daily wick which went below recent low of 587 and failed to hold below.
I personally have no view. Hope this helps.
Merry X Mas and Happy New Year
Thanks. Appreciate the comment.
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