Wave movement corn short and medium term price trend analysis

Mondo Finance Updated on 2024-01-30

Corn**Recently**, it seems to be becoming more and more difficult for farmers to hope for higher yields. This article will review theCornAnalysis of short- and medium-term trends, and the movement of its fluctuations. As can be seen from the chart data,CornThere is some stability in the long-term channel, and in the medium term it shows a short-lived bull market and a current bear market. At the same time, this article will also share some information about:CornTransactionsStrategies and techniques, hopefully rightInvestmentshelps.

1. Intermediate bull market under the purple channel

As you can see from the diagram,Corn**Trending in the mid-range bull market within the purple channel, which lasted for 68 months and more than doubled. This structure is a five-wave pattern, showing a relatively stable growth trend.

2. The green channel under the bear market

RecentCorn**The trend shows the characteristics of a bear market, showing along the lineGreen channel** Trend. InGreen channel, wave 1** slightly below 236%.Dividing line, while Wave 3** fell below 382%.Dividing line。The current five consecutive yin ** is alsoGreen channelIn wave 5**, it has fallen below 382%.Dividing line。Therefore, the next possible target is 50%.Dividing line

3. The second wave of the bear market**

If **breaks through the upper band of the green channel**, that is**Trend line, which could mean a temporary halt to the bear market and the entry into wave 2**. This will be a short-term trend and may show a three-wave structure. InvestmentsYou should pay attention to this situation so that you can adjust your trading strategy in time.

1. Pay attention to the dividing line

Dividing lineIt is one of the most important tools for volatility. By observing whether the ** breaks through each oneDividing line, which can determine the trend and possible target points. Investmentscan use it as a reference for making trading decisions.

2. Break through the upper band and pause bearish

When the upper band of the green channel is breachedInvestmentsBears should be paused and watch for a bear market Wave 2. This may be a short-term trend, for:Investmentsprovides certain trading opportunities.

3. Pay close attention to fundamental factors

CornIn addition to being affected by technical factors, the volatility is also related to itFundamentalsThe factors are closely related. Investmentsshould pay attention to domestic and foreign countries in a timely mannerCornChanges in market supply and demand, weather changes, international policies and other factors to better grasp the market.

By passingCornWe can see that the market is currently in a bear market and is moving down the green channel. InvestmentsYou can formulate a corresponding trading strategy accordingly, pay attentionDividing lineWave 2 of the breakout and bear market**. At the same time, it is also necessary to pay close attention to the marketFundamentalsfactors to get more comprehensive information and make more accurate decisions. InvestmentsThere are risks, and you need to be cautious when entering the market.

CornTransactionsRisk: "The trend analysis of various market varieties in this headline is only for the purpose of communication and display of Elliott Wave Theory technology, and does not constitute anythingInvestmentsSuggestion. FYI.

That's it for this articleCorn**Trend analysis and sharing of trading strategies. Hopefully, this article will be correctInvestmentsis helpful and provides a certain reference value. InvestmentsThere are risks, and you need to be cautious when entering the market.

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