Corn, ichimoku V formula lines with the 141.4 retracement
The formula for the v formation lines up directly with the 141.4 retracement level.
Also note that there is prior support at this level.
The ichimoku has given a strong tk cross to the down side on this weeks candle stick alone with the candle stick currently below the swing lows.
The formula used for the V formation is on the chart above.
(if this were a bullish signal the formula for a bullish V formation is
V=B+(B-C)
Also note that there is prior support at this level.
The ichimoku has given a strong tk cross to the down side on this weeks candle stick alone with the candle stick currently below the swing lows.
The formula used for the V formation is on the chart above.
(if this were a bullish signal the formula for a bullish V formation is
V=B+(B-C)