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--- 0_public:chart_pattern:trap [2024/11/08 19:43] – removed - external edit (Unknown date) 127.0.0.1
+++ 0_public:chart_pattern:trap [2024/11/08 19:43] (current) – ↷ Page moved from chart_pattern:trap to 0_public:chart_pattern:trap pointnm
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+====== Trap ======
+----
+We received confirmation last week that a bull trap was formed when Corn tried to pierce through its downtrend line. During the overnight session yesterday, a similar move happened when the market tried to break the uptrend line established over the last couple months creating a possible bear trap. The trade will decide this week if a bear trap was formed and corn returns to the middle of the range or we break lower with targets set at the first major support of 6.35
+🟢Current upside targets: 6.60 and 6.75
+🔴Current downside targets: 6.49, 6.44, and 6.35