Coffee - Take Profit and Watch see if it goes through support

Description

⋅ Dec 31, 2014 3:25 PM

I suggested a short at 193.30.

Take profit here.

Will reenter short if 156 is cleared in weekly...

Note:
The yearly pivot for 2014 was 125
The yearly pivot for 2015 shall be at 169.. if 156.. really worth it to get back in the short as final target could then be 50.

I would need to study fundamentals in more details.. or at least the flows (what are doing the specialists).

Comments

jaymehta1

⋅ Dec 31, 2014 5:30 PM

Hi, I am new to TV. When did you recommend the short and what was the trigger ?

YaKa

⋅ Dec 31, 2014 5:34 PM

here you go Jay
tradingview.com/v/FNUZI9jM/

jangseohee

⋅ Jan 1, 2015 2:25 AM

past trendlines are still very much in effect!
tradingview.com/v/cFzu8dyv/

jangseohee

⋅ Dec 31, 2014 3:29 PM

highly possible that red channel is taking charge of guiding the price
tradingview.com/v/HROdrnet/

YaKa

⋅ Dec 31, 2014 3:31 PM

good one thx.
I am like st thomas.. i like to see 156 cleared..
no point staying on the horse in front of that obstacle.

IvanLabrie

⋅ Feb 1, 2015 5:25 PM

Good stuff.