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Houston,Tx | May went off the board today or yesterday,...the Continuation chart (front) and July contract shows 2 distinct legs of similar length (3 elliot waves up)...is this still a correction up from 2012 high? . unlikely...therefore a 3rd leg up is most likely scenario imo...I would expect a bar room fight from strong length if selling at the 50-62% up from here..
also, using cont chart, a 62% retrace up from Jul close today puts you at 726 - essentially the Jul contract high... it can be confusing trying to reconcile 4-5 different charts on corn (cont, K, N, Z, etc)...food for thought nonetheless
Edited by c-xr-1 5/14/2021 22:47
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Cz21 and cz22
