but my problem is drawing too many lines that makes it too confusing to the average eye. The corn charts as well as all the commodities have such a mass of complex patterns to deal with, its very hard to discern which pattern is the dominate pattern. My bias is in the short camp mostly due to seasonals and the current downtrend in place since Aug 12th. Actually the downtrend began with the May 7th high of 6.38 and confirmed the downtrend Aug 12th. The 4.97 low on Sept 10th is a qualifying downtrend completion but needs to get a daily close above 5.49 to open the door to go after 5.58 which is major resistance, if closed above that, will confirm the low is in.

I had traders sell @ 5.32 and 5.35 on Oct 8th and didn't expect to see it challenged again when it broke 5.20. So much for expectations, now our stops are at 5.43 and 5.49 and I'm expecting the 5.40 resistance to get taken out, if that happens our stops are an easy target. I learned a long time ago not to bite on guesses or expectations until the market actually says its correct. So for me this 5.40 to 5.49 is a critical area this week and the weekly close will tell me what to do next. I am expecting to make a donation but expectations are often proven wrong.