Corn on the 4 hour chart looking interesting. A potential head and shoulders can occur. We have a left shoulder and we also have a head. Potentially making a right shoulder here.
Other confluences to increase our probabilities is the fact that the reversal is occurring at a support/flip zone at the 3.56 zone. Keep an eye on this. I don't trade agricultural commodities much, but I recently added corn, soybeans and wheat to my trading list.
Let us await for the right shoulder and higher low confirmation with a break above 3.70.
Other confluences to increase our probabilities is the fact that the reversal is occurring at a support/flip zone at the 3.56 zone. Keep an eye on this. I don't trade agricultural commodities much, but I recently added corn, soybeans and wheat to my trading list.
Let us await for the right shoulder and higher low confirmation with a break above 3.70.
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