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TFC Commodity Trading Forum

Re: Corn Repetitive Cycle *PIC*
In Response To: Corn Repetitive Cycle *PIC* ()

Here's the next chapter in the ongoing saga of that mysterious repeating 35 degree cycle in corn that I mentioned a few weeks ago. The market has been on a 7 day uptrend since the cycle hit back on Feb 22. Price has busted out of a triangle pattern and going to test the resistance of wave 3 soon and maybe wave 1 resistance later. The high fulcrum close of today's price bar gives the impression that it has strong momentum approaching into the resistance zone of wave 3, but I digress. The main thing I want to point out is how the repeating 35 degree cycle resolved on it's last go around.