Below is May Corn, 4hrs all sessions continues follow up chart with the time/price fib. circular ratios. Notice that in the previous chart (was a daily chart, but I'm using the same circular ratios). I explained why Corn will not make it to 791 on that time posted in the chart. - When you look at the chart below, you will notice how the circular ratios that when aligned with S/Rs (S/Rs not shown for simplicity) can be a strong barrier to overcome. Notice how the circle was tested twice before the market retrieved.
Right now, May corn is moving down to test 681 for support, Failure to find support at 681 will target the lower S/Rs with a possible 624 objective. (624 objective was adjusted from previous posted objective 613 do to recent market performance).
Now, If Corn was to find support at 681 and moving above 713 will void 624 and will target 791 with S/Rs at 746, 764, 781.
Will see, I'll wait to see what the market has for us in the next few days.
ZCK3 now trading $690.75
WARNING! My opinion is solely base on a mathematical model and does not sees fundamentals, speculation, manipulation, weather, USDA reports, and parrots.
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"Every problem has a gift for you in its hands" .-. Richard Bach
- Richard David Bach (born June 23, 1936) is an American writer. He is widely known as the author of the hugely popular 1970s best-sellers Jonathan Livingston Seagull and Illusions: The Adventures of a Reluctant Messiah, among others. Bach's books espouse his philosophy that our apparent physical limits and mortality are merely appearance.