CORN DAILY CHART ANALYSIS

Key Level: 387’6

I’m working on the idea of triangle wave (B) complete and wave (C) is developing into 5 wave motive structure.

By using Elliot rule of “WAVE 2 never retrace 100% of wave 1”, we can establish an invalidation level that served as our key level of this analysis.

If wave (B) complete, corn has no business to go above 387’8 level and I’m looking forward to short with corn in wave 3.

Let’s see how corn market develop in the next coming days, week and month :D

Please leave a comment if you have any idea and suggestion to improve this corn analysis.

Happy trading