ViclreTrade

BEARISH ON US CORN (HEAD & SHOULDERS)

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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
Order dibatalkan:
Head & Shoulders invalidated.
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