Coffee started the 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 at breakout.
no i did not, i was scared.. what i saw over couple of websites. 168 - 163 - 158 - 147 are key levels at the lower end... and possible trend reversal levels and also some few people are talking coffee going above 300 once this down trend is over... so iam a bit scared to short i am planing to wait for 149 - 147 level to go long... but i will check with you guys before entering