Bullishchartpattern
➡Ready for the following corn level? 💥I'm still invested with the rest of my original position long in corn, but I'm ready to scale out completely. But just now, I've noticed that the highs and lows from yesterday and today COULD form a beautiful symmetric triangle. So in this uptrend, this could be a chart pattern that indicates a continuation of the existing trend in corn.
🔜 bullish move ahead!Technicals
The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far.
We're above the EMA 17 and SMA 30 and 50 on a daily basis.
An inverse shoulder-head-shoulder-formation has been built and already broken.
As we have cut through the SMA 200 (red) without any major resistance the last time(s), we could consider it not a significant resistance when moving upwards.
We've got a bullish seasonal pattern in HEI over the last 15 years considering Seasonality. 80 % win rate in the date range from the 24th of February until the 9th of May.
Fundamentals
A growth by 1.5 % in 2022 is expected in the construction sector: www.bauindustrie.de
Construction volume is growing in 2022: www.tga-fachplaner.de
Economic growth is expected in the construction industry: www.deutsche-handwerks-zeitung.de
So I'm bullishly invested.