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 to choose which to take. I will move stops to B.E at TP1 of the pattern I choose and will likely choose to aim for the entry of the bearish Bat which would make a great long trade. (Note: the bearish Cypher (blue) is only valid if the bat patterns do not complete!)
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Updated view...if corn makes another new low the small bearish Cypher (blue) will be invalid. I am happy to take either a bullish or bearish pattern and will wait to see which, if either, opportunity presents itself.
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Moved too fast didn't get to get in on the Cypher...now the bats are invalidated...will find some new pattern and post it here
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