dpilot83 - 10/21/2014 22:20 In your second chart in your second post, how would you have known the middle line was balance before corn started heading up to $5.50ish? To me at that time, balance would have been between you balance line and the lower line? Hi pilot, Good questions...and the honest answer is you really don't know for sure. Many variables need to be taken into account, like the trend, market structure, the formation itself, and make an educated guess. Technically, it can't be balance until price goes to the other side. Until then it would be just a multi-pivot line in this case. Its really no different than a hagopian taking place off a LML or UML. That rules states that price will travel at least as far in the opposite direction....but its uncanny how often if moves exactly the same distance - that line became balance. Hope all is well dp! | 
Fuel price speculation.
