Corn Futures (Jul 2024)
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Corn Has Begun Wave 5 of a Leading Diagonal

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It appears that corn has officially begun wave 5 of a leading diagonal. A fifth in a diagonal should generally take the form of a zigzag. Prechter, however, has noted that fifth waves in leading diagonals often appear to be impulses, so we might be able to count five waves up instead of three.

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