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July 27th, 2014: CORN Wave Count Update

Posted by pugsma on July 27, 2014

3:00 pm EST:   Here is the CORN wave count update.  Price may have finally found a P2 bottom at 25.32 just below the 78% retrace of 26.28, below the wave [C]=1.23[A] fib extension of 25.98 and above the 23.79 pivot.  CORN price must break above the wave (1) of minor 5 of major [C]-P2 low of 31.08 to confirm the P2 bottom.  The primary count remains valid for P2 above the year 2009 Cycle low of 18.83.

CORN 60-min chart (EOD, 7-25-14):

PUG CORN 60-min chart EOD 7-25-14

CORN 4-hr chart (EOD, 7-25-14):

PUG CORN 4-hr chart EOD 7-25-14

CORN weekly chart (EOD, 7-25-14):

PUG CORN weekly chart EOD 7-25-14

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