H&S vs. bullish wedge: and the winner is...the wedge!
The strong Support (neckline was bought) an the wegde got triggered. Corn moved up to th fibo 50. Nice!
Former analysis
Who will win the game?
Corn reached a Pivot Support Level @ 347. Below that Level i exspect a further downmove to the former low @ 318
Should the bullish wedge be triggered, a dead cat bounce till 383 (38,2 fibo) can be exspected.
Worst Case: If the H&S will develop, the Worst Case TP would be @ 250
Former analysis
Who will win the game?
Corn reached a Pivot Support Level @ 347. Below that Level i exspect a further downmove to the former low @ 318
Should the bullish wedge be triggered, a dead cat bounce till 383 (38,2 fibo) can be exspected.
Worst Case: If the H&S will develop, the Worst Case TP would be @ 250
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