coffee is extremely bearish since September. we saw a sharp and strong decline during the last two month.
however, just recently the price has reached a major daily support level. chances are high that we will see at least a pullback from that.
I am waiting for a 4H candle close above 107.1 level. it is a horizontal neckline of an inverted h&s pattern. after the breakout I will buy the market on retest.
goals: 110.65 113.0
(if neckline is respected and price drops below the head, setup will be invalid)