4 Hour Squeeze
Updated
Focus on the green wedge formation. Potential grind to the top of this wedge formation before the drop. 9330 is looking really nice. If corn breaks and closes above that high accumulation area zone of 9338 on a 4 hour chart, I would expect the 9675 area to be achieved. Nothing has changed thus far.
Note
Noted something interesting. Fib retracement level suggests 9440 area aligns with the .618. This is also consistent with monthly resistance and the 200 period mean on the 4 hour chart. I'd say the best short entry is 9440. Its almost too perfect, so im skepticalNote
....and the POC as wellNote
corn retraced to the .618 golden pocket on the 4 hour tf. Still higher low nothing changed. just a slow boring grindNote
broke acc low. if 4 hour closes under 8985 (teal) will add to my short position.
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