ZC1! trade ideas
Corn - Flat bottom, short potential in case of breakoutCorn is showing a flat bottom triangle pattern. The period of the wave is getting shorter and shorter and the wave is getting enclosed at the end of the triangle. We may see a breakout before March and that would provide a clear signal for selling. For increased confirmation, we may wait for a level that was present just below the triangle and defined by the SSB of Nov 2014. Ichimoku: we see that the cloud provides a strong resistance. Breaking of the Kijun will be the first alert before the breakout, patience is required.
Two scenarios for the short: either use the supports as main targets or rely upon the height of the triangle as guideline. Both could be combined with 50% closing at 344 and the rest at 306. I put the SL at the Kijun for the moment on the chart but as soon as the breakout occurs, it can be tigher. Ichimoku cloud SSB could be used for that purpose.
Corn SHORT with hidden divergence & Stoch crossover in dailyThis is my first trade in the project 1000x. Both monthly and weekly views show that there is still place for the bears to push the price lower. We had a good red candle with bearish Stoch crossover at a key TL. Hidden divergence is in play, too. Thus, I risked somewhat $500 for this is my first trade in the series where I take the challenge of turning a grand into a million. In each trade, I will risk half of the capital I reserve for this project, finally reaching $1M with trades having at least 1:2 RR. For the details of the project, you may visit project1000x.blog.com.
ZCH16Elliot wave to ABC correction/possible trend reversal. I like a long position at the "B" leg support level.
Major bearish trendbreak? Strategic reversal in 2016?Weekly:
- We need some more bullish momentum to get validation for the major trendline break. If that thick red line breaks, that means the end of a 2,5-3 years volatile bear market.
- Strategic reversal would really be confirmed above 395!
Daily:
- Ichimoku neutral with bullish bias. Forward Kumo 26 days ahead is about to deliver a bullish Senkou cross. (Bullish Kumo twist)
- haDelta/SMA3 may deliver a sustainable bullish cross above zero. Heikin-Ashi looks positive
- EWO is bullish
- Key for bullish continuation is a break and close above 372-375
Corn is about to head north dramatically. Here's why.....Looking for entry, small until 380 broken (full size if 357 is revisited with a stop below 347)
Corn weekly TAI am not sure if seeing the last price action within a triangle is a legitimate technical stance, but it seems the triangle break is imminent. Bullish targets for this breakout is so close, so let's hope it's going to break the support. I will not trade this until the weekly picture is cleared.
Corn monthly TASome lines I see important are in the chart. It seems the downtrend is paused for a while, and will probably continue to eat more beef until the ML. We will see how far this consolidation will last. In-range opportunities might occur on both sides.
Short on CornOn a downtrend, the corn is performing an upswing. My short side starts with the loss of the last minimum price.
My stop is quite interesting, above yesterday´s high and my target is the last dip...or the middle of the andrew´s pitchfork .
Is King Corn about to flex its muscles?Looks the strongest ag. Today.
Waiting. WiIll The King the lead? Or fail like the other ags?
CORN Deflation.!Weekly short target. Might go lower.
Some problem is current El Nino there might give some volatility before target hit.!
If 347-350 holds... decision time soon: key 372+Weekly:
- Range extremely tight now! Major bearish tremdline on top side ard 372, horizontal resistance and possible bullish channel on the lower side ard 345-350
- If price breaks above 372, we could see a big short squeeze
- Heikin-Ashi shows undecision, but with positive divergnece in weekly haDelta
Daily:
- Spike again from key resistance of 347-350, but Ichimoku setup is still bearish.
- Trendline, Kijun, Kumo and 100 WMA has to be broken for further gains. However if Price breaks 368-372, that will be a very strong indication for more Bullish action, in line with the weekly chart! It would be similar to the one we saw last July!
- Heikin Ashi early signal for reversal
Strategy: Hold small long, and do not be shy to leverage up bullish position if you see 372 breaking!
King Corn false breakoutNo bottom in site. Break of 347 confirms. Break back above current T/L at 370 suggests signs of reversal.
Corn Long Term IdeaCorn, shows them in his past aggressiveness very agitated and violent movements, and possibly in future also this is his behavior, reacion, added to it, it is clearly a cone shape, taking into whether the price, and giving its characteristic shape, plus you can see the possible formation of a huge formation type "W", which appears to have a huge reacion future.
How about some "POP" Corn?Corn is ripe for the picking and ready to POP. With glut of corn in silo's we like the downside...BUT, this can either way. Be nimble. We expect a nice 6-8 day run.
