Dump Aint Done Yet

17 Jul 2020

Someone said my charts were ugly. Well I'm a pig and I like my sty, screw you guys. Anyway, corn still looks dumpy to me. Tentatively, the descending triangle measured move to 8835 is in the cards. Note: Red lines on my chart identify monthly support/resistance lines. Therefore, if we make it to that level, I am expecting a significant bounce. Additionally, if we close underneath that area on the 4 hour tf, i'll feel confident opening another short and riding it to 4200. Of course there are some bullish signs in the chart, potential falling wedge and all but I'm a pig so I'll long tops and short bottoms baby!