Potential bearish Gartley and potential bearish crab in the making. Now, I usually don't care about animals on my charts, be they bats, butterflies, crabs, dragons or pigs. That said, it amazes me how everybody seems so eager to short the_Corn right here and now. I am sure this mini-rally will end any day now, we will break 6000, go down with a vengeance and bears will make a killing on their positions... and just in case that you are in a short right now, I am sure you have considered that we could go up to 8500 - 9000 or even 12000 before the next turn and you have a plan ready should this happen. (Revenge-shorting the market all the way up doesn't count.) Because you know, those animals could be right just this one time...
Good luck trading!
NtW
Good luck trading!
NtW