VasilyTrader

COFFEE FUTURES (KC1!): Entering Sell Zone

Short
ICEUS:KC1!   Coffee C Futures

Coffee reached an important zone of confluence:

1. We have a strong structure resistance on the left
2. Completed harmonic abcd pattern
3. Fib.extension and retracement confluence.
4. Bearish sentiment from the beginning of the year

The price may drop at least to 114.0 level.

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