Chart Patterns & Algorithmic Trader (Jan. 28, '20) (100)
@C Rectangle Channel Pattern
s
Corn Continuous Contract [Dec20] (@C) is trading in a rectangle chart pattern on its daily
chart between upper trendline $369.3 lower trendline $330.0. A long trade may be
entered if price breaks above the upper trendline with a stop below the mid-channel
level $349.6 and vice-versa. Breakout targets are: $389 to $409. Breakdown targets
are: $310 to $291.
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