July Corn is falling from downtrend line last 4 days creating a bearish Cypher pattern. Target for today 364. After that a potential target of 356'2 to bottom out RSI.
Note
Corn created a bearish flag today. Market could go either way as Cypher has been met. Could see further downward movement as not oversold and RSI is turning bearish again.
Related publications
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.
Related publications
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.