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TFC Commodity Trading Forum

Re: covfefe...the commodity...the long look *PIC*

after churning a little, down was where she wanted to go. Given that it has yet to check that black up trender from Oct 20ish I suspect it will test the break out of the red 112.5 line on 11-21 before it goes back up to test the black up trender. Hard to over emphasize how important it is to get those tests in. You can see that it never did test the red horizontal 112.5. It working on week eight since the break of 112.5. Time is still within 7.5 weeks cause it's hard to count a half a candle...so the best you can do is count candles 7 and 8. Most test wi occur between 3 and 4 candles, days, weeks, or months and 7 and 8 candles days, weeks, or months.

Not sure price will go back to the black uptrender but we should at least see support here somewhere around the 112.5 and 116.25. Maybe...then we should se if it sets up to head back up.

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