ZCU2024 Long

Jul 15

The 4-hour chart of Corn Futures shows a potential bottoming pattern with a recent reversal signal. The price has formed a higher low and is currently testing a resistance level. The Linear Regression Oscillator is in positive territory, suggesting bullish momentum. However, the overall trend is still bearish, which adds risk to the setup. The entry is placed above the current price to confirm the breakout. The stop is set below the recent low, while the profit target is near the previous resistance level. The risk-reward ratio is favorable at 1:2.28. The score of 6 reflects the potential reversal signal and positive oscillator reading, balanced against the broader downtrend and multiple invalidation levels above.

Pine Script®