Grains in the Play - CORN
CORN ETF is breaking out from the 160 days bottoming Consolidation Zone
The breakout is retested and after yesterday price action spiked up,
we can confirming the bottoming, and BULL is eyeing T1 and T2 at least. T3 Probably will take more time.
I don't like to put too much drawing in the chart. Please move your mouse to the Note area and see the reason and analysis.
CORN ETF is suitable for medium to longer term investment.
For more advance and savvy Trader, Corn Futures could be a better choice.
Before entering the Trade, the "Appropriate" Stop should be first Defined and then the Target.
STOP : 12.60
T1 : 14.00
T2 : 15.25
T3 : 16.50
Entry : 13.00 - 13.30 (At Open Today 1-Oct-2020)
Happy Trading
TraderWorkFlow
The breakout is retested and after yesterday price action spiked up,
we can confirming the bottoming, and BULL is eyeing T1 and T2 at least. T3 Probably will take more time.
I don't like to put too much drawing in the chart. Please move your mouse to the Note area and see the reason and analysis.
CORN ETF is suitable for medium to longer term investment.
For more advance and savvy Trader, Corn Futures could be a better choice.
Before entering the Trade, the "Appropriate" Stop should be first Defined and then the Target.
STOP : 12.60
T1 : 14.00
T2 : 15.25
T3 : 16.50
Entry : 13.00 - 13.30 (At Open Today 1-Oct-2020)
Happy Trading
TraderWorkFlow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.