CH12 – March Corn (Last:651.25)

March Corn (CH12) price chart with targetsThe 647.75 entry signal for the pattern shown triggered last Thursday, and although there are no subtle “external” peaks left that we can use to establish a low-risk entry point, we can at least surmise that the 688.75 target will be achieved if buyers can blow past its 661.50 midpoint sibling.  Accordingly, I’ll suggest zooming in on a five-minute chart if and when that last number is closely approached, the better to identify an uptrending abc small enough to carry a commensurately small stop-loss.