Hola folks,
corn looks ready for a correction possibly to 26400ish
still longing alts like a degen
this one got rejected from a key confluence of 200 ema and downtrend line on the weekly
so currently going back down to fuel up and attempt a break again
IF we do $40/42 should be our first impulse imo
got a spot bag but will look at leverage IF corn does visit 26400 from where i recon we make our final impulse up to 32895ish before it all comes crashing down
brain saying hedge your longs on alts with a short on corn but heart saying shorting ain't kosher ;)
buying a break of the yellow line above is a way better approach unlike me who has just hopped on in the middle
corn looks ready for a correction possibly to 26400ish
still longing alts like a degen
this one got rejected from a key confluence of 200 ema and downtrend line on the weekly
so currently going back down to fuel up and attempt a break again
IF we do $40/42 should be our first impulse imo
got a spot bag but will look at leverage IF corn does visit 26400 from where i recon we make our final impulse up to 32895ish before it all comes crashing down
brain saying hedge your longs on alts with a short on corn but heart saying shorting ain't kosher ;)
buying a break of the yellow line above is a way better approach unlike me who has just hopped on in the middle
Note
getting rejected at vwap and confluence of key resistance or blue line ,lets see if the force is strong or we dippy dip back Trade active
if this does reject btfd on this people !!!
Trade active
peekaboo..Note
buy retest of breakout if given
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.