Type : Bearish DropKey Levels:Resistance : 686'6 Pivot: 673'6 Support : 654'4 Preferred Case: On the H4, with there's a bearish divergence of price and MACD , and there's potential double top pattern, we have a bearish bias that price may drop from the pivot at 673'6, where the 61.8% fibonacci projection is to the take profit at 654'4, which is in line with the 23.6% fibonacci retracement and neckline of "double top" pattern. Alternative scenario: Alternatively, price could rise to 1st resistance at 688'6 where the swing high is. Fundamentals: No Major News
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/corn-futures-zc1-h4-potential-for-bearish-drop9"
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