Hi Itchy,

It's geometry..and repeatable.  Saying 5% percent is laughable because the probabilities are much, much higher than that.  In order for these projections to occur, we needed a failure in price,...which in corn is that it fails to make new lows. It appears we got it.  The problem with timing is simply we are working with a weekly and/or a monthly chart.  Miss it by a few bars is quite a bit of time, and admittedly - in the case of corn anyway- time is NOT our friend here.   People will be kicking themselves later in the year...JMHO.

Take Care