Corn – 2-2-2 Pattern Unfolding

corn

May Corn futures are exhibiting a classic 2-2-2 Gartley pattern as the embedded image in this post shows. The mid-west is getting snow and mositure right now and as I type this post, Corn is trading very quietly. I would not be surprised to see a very small pullback to maybe $7.00 ( from the current $7.08). My calculations are projecting a point D of somewhere near $7.31 with a possibility of as high as $7.46.

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