So, I got thinking about the above discussion, so loaded a monthly corn chart back to 1969. It really isn't a large enough data set to get "hard" data, but it was interesting nonetheless.

Going back to 1969, there several violations of structural support, and only a couple vilations of monthly support being broken. In both cases of monthly support being broken, it took price a decade to recover to "new highs". When minor support was broken, price returned to new highs in 4-7 years.

Each time a major structural area was broken, price folded back into its next controlling swing. The price sequence of 1975 to 1981 is similar to our current situation, where price has violated the minor structural point, and is folding back into the next controlling swing. We can assume based on the earlier price action that price will not violate the $3 monthy structure at this time, and we should get a rally in the future years. Assuming that price confirms that level as major structure, we would need it to hold, or risk the possibility of a decade before price trades challenges new highs again. Again, not enough data to be statistically valid, but, it does show how violations of market structure affect future outcomes..