Dec corn looks looks to be in the wave 3 lower of a corrective c wave of a flat forming that is near completion… Once this formation is complete I will be looking for much higher prices. Lowest downside target is 4681/2-472.
As you can see buy the intra day 5-min chart the impulse down is plain to see and a push back to 4801/2 to 482 will be needed to move us out of the impulse down and set up one last leg lower. This will set up my trade.
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