Correction near the 50% Fib and inside a support zone
After breaking down two uptrend lines, $CORN is back the 25.5$ zone (now support).
The levels between 25.5$ and 25$ is support zone to monitor that comes with the 50% Fibonacci level.
Yesterday's strong selling could mean that the price will continue to dive to test the bottom of the trading zone. In that case, if we will see a reversal near the 50% level, a stop loss below the 61.8 Fib could be the right thing to do for those who want to try to jump back on the minor, new uptrend.
The levels between 25.5$ and 25$ is support zone to monitor that comes with the 50% Fibonacci level.
Yesterday's strong selling could mean that the price will continue to dive to test the bottom of the trading zone. In that case, if we will see a reversal near the 50% level, a stop loss below the 61.8 Fib could be the right thing to do for those who want to try to jump back on the minor, new uptrend.