US Coffee futures ( KC1!) has completed ABC zigzag up side where C wave was extended impulse.
It dropped in wave A in 15 min time frame, so get in to sell trade in B wave near 124.25, with stops above invalidation level above 127.50 for target of C wave down up to 116.50, which is the 4th wave zone of internal wave of C previous wave of Up cycle.
I was stopped out on that last attempt but the technical picture is getting stronger! I have re-entered.
note: this is end of day data, that's why the profit/loss tool is in the particular place it is. Current price as I post this.
This is a scalp, a little less than 2:1 RR
I will most likely be out by that 50% Fib, my fav location. Quick to break even, quick...
I have been discussing this for over a month, the long anyways....price is starting to hit resistance. I think it will break but should retrace before doing so.
This is my trade idea.
Tried some ghost price action...ominous.
Coffee finally seeing a breakout after spending most of June in a range. Sept. contracts finally seeing a close, albeit a small one, above the 100 mark. Temps in Brazil, along with some chatter about a frost, boosted prices today. Shipping delays are helping provide some near-term support as well. From a technical standpoint, prices closed almost right at the...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
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