Back to range EQ and back to range lows if EQ fails

Updated

Wisdomtree COFFEE OD7B failed to get back out of the white range pictured here. Now it's headed back to range EQ @ 0.674. If that fails as support, it's headed to range lows or even new lows after that because of the massive swing failure above the white range (the green boxes). If that happens I would only enter back in if it reclaimed the white range lows.

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There's also a 200 Daily MA retest coming at 0.695 at the moment, lets see how it holds up. Might as well result in a big pump that results in getting back out of the range.

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Something to consider: seekingalpha.com/article/4318999-coffee-time-to-start-buying-again?source=feed_f&utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated

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200 Daily MA being tested right now

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Middle of range, bounce or no bounce?

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The mini backtest of the 0.5 range EQ looks like rejection, now on its way to range lows.

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Range lows inc, all commodities dumping

zergbur

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