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

٢٧ يناير ٢٠٢٠

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.

٢٧ يناير ٢٠٢٠

ملاحظة

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.

٢٧ يناير ٢٠٢٠

ملاحظة

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

٢٧ يناير ٢٠٢٠

ملاحظة

200 Daily MA being tested right now

٢٩ يناير ٢٠٢٠

ملاحظة

Middle of range, bounce or no bounce?

٣١ يناير ٢٠٢٠

ملاحظة

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

٣ فبراير ٢٠٢٠

ملاحظة

Range lows inc, all commodities dumping