Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Corn Repeating Cycle Is History Now/Randolf

While I've never seen this written in any technical book I have found many stock patterns evolve into something else. So in the end there are patterns within patterns withing more patterns. So while they do tend to play out in a typical manner I have seen numerous times that Triangles especially Symmetrical Triangles can be simply incomplete rectangles in the end. Therefore rather than reacting on a break of the converging lines and expecting a huge projected price move, one shouldn't 'expect' price to clear the high and low points of the pattern. These would be your top AND bottom blue lines that form a "Rectangle". As that just might be all it really ends up to be is a Rectangle. So one can buy or sell a break of the converging lines especially on an increase in volume but exit at the furthest price point of the pattern. Then on a 2nd break of that price point on increased volume buy again and use that price as a stop. That 2nd buy point would be a breakout of the "Rectangle" which is also bullish and also a continuation pattern just like the Symmetrical Triangle. Hopefully that makes sense to someone.