AMEX:JO   IPATH BLOOMBERG COFFEE SUBINDEX TOTAL RETURN SM INDEX ETN
86 0 2
After a multi-year decline in price, I think the underlying commodity has changed trend for at least the remainder of the year. A rest is needed here, though. Specifically a pullback to the price support at 33.41 is likely over the next couple months. After that I think coffee             is likely to continue a developing wave 5 advance. I show that path in orange.
I show another possible count here of an ABC in blue, which will be invalidated upon completion of the wave 5 in orange. My preferred count is the 5-wave             impulse in orange. The entire 5-wave             sequence will be validated and complete, upon an ABC retrace likely to 50-61.8%, but all that is over a year out, and a lot can happen between now and then.
The ABC scenario could imply new lows, but one trying to play the long scenario could place a stop below the weekly cloud, or manage long trades from a lower timeframe.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out