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TFC Commodity Trading Forum

CORN ETF: Classic Chart Breakout *PIC*

As usual the technical breakout and 4 day tight consolidation pattern that followed In the CORN ETF resulted in a huge gap up this morning. Very classic techncial pattern to watch for. One can simply take the easy money and walk away now without further risk. Note price is now into a two month congestion price zone which could slow down progress. A bird in the hand is worth two in the bush. One doesn't have to be a trading junkie and continue to live with risk like an addict and his drugs. Nice profit there in a very short time frame. Or use other numerous protective strategies to protect present gains at least.