CORN/USD Bounce Rapidly
After Golden Cross happening, Corn's price action came out very bullish but I expect a retracement into +- 4 $ or emas line before it will continue it's test the resistance 4.28 again..
Indicator looks bullish, volume is rising rapidly.
DMI : +DMI is rising and -DMI is dropping hard creating a huge range between them, bullish also DMX is rising too.. bullish momentum is increasing
Macd : buy histogram is higher than the previous high.. bullish sign so far.
Volume MA is rising
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.