Skipper86

Corn Futures (Dec 2020 contract) Cup and Handle on Daily

Long
Skipper86 Mis à jour   
CBOT:ZCZ2020   Corn Futures (Dec 2020)
A cup and handle pattern appears on this chart which suggests an upside breakout will occur in the near future.
Best case: Breakout from here
2nd best case: Handle gets a little bit longer then breaks out
Bad case: Handle gets a lot longer to the point where the cup and handle pattern no longer looks like a cup and handle, suggesting an upside breakout may not take place.
Worst case: Obviously, it can drop from here and be a failed cup and handle. No patterns are guaranteed predictors of the future.
Ordre annulé:
This didnt work out in my favor. Cut losses yesterday and have no position.

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