BEARISH ON US CORN (HEAD & SHOULDERS)
Bearish clues:
- Head and Shoulders
- General downtrend since begining of May 2021
- Lagging Span of Ichimoku indicator broke down the lower band of Bollinger Bands
- Price broke down the 200 exponential moving average
The price of US Corn broke down the neckline of the Head & Shoulder. It could now reach the 23.6% retracement Fibonacci level at $5.80/bushel and next the daily support at $5.30/bushel.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
- Head and Shoulders
- General downtrend since begining of May 2021
- Lagging Span of Ichimoku indicator broke down the lower band of Bollinger Bands
- Price broke down the 200 exponential moving average
The price of US Corn broke down the neckline of the Head & Shoulder. It could now reach the 23.6% retracement Fibonacci level at $5.80/bushel and next the daily support at $5.30/bushel.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
Pesanan dibatalkan:
Head & Shoulders invalidated.