Corn's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Corn may feel bad for the bulls, but it's really the move through reversal zones (supply/demand ranges) that feels bad. If price moves through a zone, it tends to challenge the one above or below it. The failure of price to break through a lower reversal (and this is important) while the daily impulse ages is bullish. Not only is the reversal important but also the flow of time.
Few traders understand the flow of time, and have difficulty knowing where price meets resistance and support within a composite chart that’s fractal in nature. Trends are fractal. The composite trend is made up of many time frames.
Corn's Weekly Reversals
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