Corn
(ZCK25)
The chart is key to this analysis.
Back on 10/17/24 the market hit 78.6% at 423.00, following the ONE44 78.6% rule we know this is where a lot of Bull runs start. The rally from there eventually hit 61.8% back to the contract high at 512.00. Following the ONE44 61.8% rule, we know to look for a move back to 61.8% of where it just came from and this was 453.00.
Most recently the market held a 78.6% retracement at 449.00 on 3/28/25, it never closed below it (which is key) and it has become the start of the next Bull run. In the last two days it took out 38.2% back to the 2/19/25 high at 472.00 and this turned the short term trend positive.
The new target level is the 504.75 major Gann square.
We will be updating the short and long term upside targets for the Grains this weekend on our website for the summer rally.
There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.
This is the short version.
A 38.2% level keeps the trend intact and new highs/lows should follow.
A 23.6% level shows the market is extremely strong, or weak.
A 61.8% level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range.
A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.
We have done 46 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.
Here is the latest
ONE44 Analytics where the analysis is concise and to the point
Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.
