K so this is what I'm looking at in corn.

its bearish that price slammed through the red line... it creates a hagopian whether now or later... it means price has NOT bottomed completely. its also bearish that price retouched the red line and reversed...

its bullish that price slammed into the green line of structural support and didn't break it. 


As long as the green line holds... we have a "chance".... i said before a 30% chance and i still give it a 30% chance to hit... $4.65. difference between now and before is i thought there was a 30% chance we hit it before harvest... now i think a 30% chance we hit it after harvest...

if the green line doesn't hold...

we will see $3 even cbot harvest lows... i would guess then we would get a post harvest bounce to 4.15 but at that time $4.65 would be a target much farther out in time. don't know if this helps...

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