responsibletrad8r

Re-entry long on Commodities

Long
CBOT:ZW1!   Wheat Futures
All commodities on my watchlist
www.tradingview.com/...watchlists/58589587/

are still long.

yes there was a take profit on wheat on oil below prior days low (usuaylly two days low but because of bars ranges that a much higher than prior day I am using a 1 day trailing stop)

Buying new highs on the 5 min chart below prior days low is a valid re-entry pattern.

Will we reach new yearly highs? I dont know but we can see that at least a double top should be possible or at least a rally up to 50% of prior down move...
Trade closed: stop reached:
will this was just a small recovering, oil and wheat seams to be falling further down...

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