One More Leg Down
Shorting this corn has not been profitable so far but in last week showing some weakness and I don't see any clear bullish reversal. I think it is forming a bear pennant and will go for one more leg down. We have strong resistance around 44-45k I think it will bounce there. If it won't I will wait for 39k which is elon candle and 200 day ema placing there so 39k will be a solid long. (btw when I was writing these words it has already down for a little, seeing bitcoin bear trend makes me sad:/ ) I am adding the my last analysis for why I was thinking those levels might be wyckoff and these levels are not.
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