I simply reacted to this ...
"with much support still at 608" and did not consider the fib re-tracement at that level also. So, likely there is "more" support here than at the other
On Challenger post:
Corn happened to close/re-open at price 618 tonight. So I would be pretty sure his 1/2 of 618 = 309 is suggesting price may go down by half to 309. If so, that will be a good trip to try to hang in for !!! Not going to make many farmers very happy though !!!
On trade entry, the "conservative" approach would be (Wayne method) on a test of 640 and close below after, short first opportunity with stop above.
On the 608 level, wait for a break and close below. Short first opportunity with stop above.
Getting tired here. Wanted to get RSI into this ????