I have lost quite a bit of money already on options trying to time the lift of. But now it is getting to the point where the price should do something.
WHY
- I think it is bullish because the price over last 6-7 years formed somewhat what looks as geometrically perfect triangle;
- movements up were always in wild thrust and then price retraced slowly each time;
- last wave down breaks down in 3 waves each having 5 subwaves and appear complete demonstrating divergences with indicators
- most of coffee producing countries end harvesting in March hence some negative news may trigger price surge
AMEX:JO
HOW
- loaded JO stock already
- thinking of making another bet with options, though recent experience still burns ..
DURATION
- for several months at least may be years if shortage of cofee persists
WHY
- I think it is bullish because the price over last 6-7 years formed somewhat what looks as geometrically perfect triangle;
- movements up were always in wild thrust and then price retraced slowly each time;
- last wave down breaks down in 3 waves each having 5 subwaves and appear complete demonstrating divergences with indicators
- most of coffee producing countries end harvesting in March hence some negative news may trigger price surge
AMEX:JO
HOW
- loaded JO stock already
- thinking of making another bet with options, though recent experience still burns ..
DURATION
- for several months at least may be years if shortage of cofee persists
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts