LEONES

COFFEE bear

Short
ICEUSA:KCH2015   None
Coffee started the bear trend in Dec2014. The current reaction offers an opportunity to enter short and capture the next wave down. The hourly chart clearly identifies an M-top pattern. Short at M base and target 160.0. Monitor momentum at breakout.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.