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| July Corn Daily |
Not much to say other than we seem to be getting support from the 38.2% Finonacci level as well as the bottom of the gap. Technically, I should have exited the position today because:
- We made a lower low and lower high today
- We closed below the 8ema
- We made a Doji candle, which is indecisive
- We made a lower swing high 3 trading days ago
But sometimes its ok to use some human judgement. I think its very likely we came down to fill in the gap, and now we can bottom out and start back up.
So, I want to rely on our Stop and give the trade some slack. If this was a mistake, and I should have gotten out today, then price will continue further down tomorrow and likely hit our Stop. My expectation is we head back up tomorrow.
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