Corn Futures Channel Possible Breakout

Aug 10, 2022

Possible breakout either side of the corn futures channel that I have created. As you can see there have been multiple touches on the channel on the upside and downside. Once the stock decides to breakout of the channel, there is possibility for either a long or short position of the stock. The target should be the a movement of half of the size of the channel either upwards or downwards depending on the breakout situation.