Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label Corn. Show all posts
Showing posts with label Corn. Show all posts

Tuesday, August 28, 2012

Elliott Wave Analysis of Corn



From my last update on Corn, the market did pullback but not in the way i expected it would for the last idea

http://wavepatterntraders.blogspot.com/2012/08/elliott-wave-analysis-of-corn.html

It seems looking at the U2 contract it has morphed into a potential triangle, although the risk presently is contained to the wave [c] lows (blue lines), so a thrust high needed for wave [v]

I am reluctant to label the move completed as i would have expected to see a move that was more aggressive that we have seen so far


A strong break under the blue line will negate this idea

Friday, August 10, 2012

Elliott Wave Analysis of Corn



Is this rally finally finished?, having hit a target at $8.43. There looks to be a clean idea now on Corn

The bit the bears are missing is the reversal, but thats a clean example of a 5 wave advance i ever did see

Thats virtually text book for a 5 wave move.

Sunday, July 15, 2012

Elliott Wave Analysis of Corn



With all the attention in the grains lately i thought i would have a look at Corn, although i am aware of the situation in the grain markets

However i still believe the markets simply still come down to a seller and a buyer, I am not interested in the whys or hows, just price

I dont understand nothing about the grains, i dont follow the news, (only the crop reports, just so i know when to expect big moves)

Price gives me the waves, and waves i know how to count, with that i am presenting an idea i am watching, well members and i are watching, as Soybeans has a similar move from the June lows

I suspect the grains will go together, it potentially looks near completed, so i am still on DEFCON mode for some strong evidence of a reversal

Stay tuned to Soybeans and Corn, i think they could be setting up for a strong reversal lower