Jeddingen Divergence seems to successfully predict reversals on the Corn (4H timeframe). The past 4 signals where very accurate, this accuracy might continue.
There is a current bullish jeddingen divergence (divergence of price vs. momentum) and a little pullback, so it would be a good time to enter the trade.
Take profit on price crossing-up of the trendline or...
If price stays in this corrective channel i want to sell the highs, short terms buys still possible but i prefer the sell trades on this one. Price action always tells us what to do
The monthly cornusd chart looks like it is setting up a base for a new uptrend to begin.
October '15 new resistance->support line at 3.502. Price has closed and held above this line for past 4 months.
+DI up and ADX is rising though still below 0
TRIX divergin with price since 2014 with 3 points of focus
Stoch coming off oversold and moving up
Weekly...
Corn has broken through the upside of a symmetrical triangle, driven by disastrous weather reports across the US. Prices are anticipated to hit 3.752, thereby completing a bearish gartley pattern. It is expected that prices will then travel down to 2.653 which is a 38.2% retracement of AD of the gartley pattern, retest the triangle before moving further higher
CORN price has broken bullish trend. Pullback has finished and breakout is confirmed. We can expecet some bearish movement till 3,5 level. If its broken, bearish movent can be projected till second support structure 3,3 aprox.
Looks like correction is over therefore I expect another impuse to target as on chart,
Drop the timeframe and if you have any small pullback you can enter to trade,
I wanted to show the longer term view. Corn has been bullish but I have patiently been waiting to short at the large bearish bat/2618 trade set-up (linked below).
However if you zoom in you can see the potential buy set-up near the trendline based on 2 different bullish Bat patterns (yellow and pink). I will be watching price action near their completion points...
its exactly on s/r trend line and the next candle will specify movement direction buy i will enter to buy if bullish candle because trend is still going up in my idea ..
buy after bullish candle on daily or lower time frame
