Elliott Wave Analysis: Corn Trading Within A Downtrend
Gregor Horvat | Aug 08, 2016 10:40AM ET
On the 4h chart of corn we are observing a nice higher degree decline taking place, with price now ideally trading in black wave 3, specifically in a correction in blue wave ii. If that is the case, then there is a possibility that correction in wave ii may search for its resistance near the area of a previous red wave iv), from where more weakness may follow.
CORN, 4H
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