See the picture for analysis. -bullish commodities. -4hr uptrend -Price inside 4hr demand -Looking for lower timeframe confirmation setups.
$SBUX Key Levels, Analysis, & Targets So I do think that here I’m going to start with target 2 - but target 1 might catch it. I’m still aiming for 2. Swing setup 1 at 79.11 1 at 71.06 2 at 60.85 4 at 50.02 (Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size) --- I am not your financial advisor. Watch my setups first...
Coffee Futures Held onto the $220 support area , sprung and broke that supply line creating the dragon pattern and maturing into a bearish bat harmonic which has a PCZ of $254
Hello,Traders! COFFEE is trading in a local uptrend And we saw the pair retest the horizontal key level From where we are already seeing a bullish reaction Which will continue I think, with the target Of retesting the target above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
✅COFFEE has retested a key support level And as the pair is already making a bullish rebound A move up to retest the supply level above is likely LONG🚀 ✅Like and subscribe to never miss a new idea!✅ ko
Type: Bearish Dip Resistance : 229.45 Pivot: 227.30 Support : 220.80 Preferred case: We see the potential for further bearish continuation from our Pivot at 227.30 in line 78.6% Fibonacci projection towards our 1st support at 220.80 in line with 50% Fibonacci retracement. Our bearish bias is further supported by stochastic indicator where it is at resistance...
the failed head and shoulders target was met, and an 11-month trendline was also broken now is the time for a bearish continuation flag ??
Type : Bullish Pressure Resistance : 228.10 Pivot: 220.20 Support : 214.00 Preferred Case: Price is near pivot level of 220.20 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 228.10, in line with 61.8% Fibonacci projection, with a graphical swing high resistance. Our bullish bias is further supported by price...
Type : Bearish Momentum Resistance : 220.95 Pivot: 213.75 Support : 200.60 Preferred Case: Price is near pivot level of 213.75 in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Price can potentially move towards the 1st support level which is graphical swing low support. Our bearish bias is further supported by price trading below the...
Type : Bullish Bounce Resistance : 220.75 Pivot: 211.10 Support : 204.70 Preferred Case: Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support...
Coffee is cheap, but cocoa is cheaper? Time to get long in both: Cocoa and Coffee
The bottom side of this triangle was confirmed multiple times now. Waiting for a test of the upper side and/or just a breakout. The next target zone will be around 250-255 USX.
The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below. According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying...
Wheat, Naturalgas, Brent, Coffee and Cotton vs BTC in one chart, all long!
See chart. NOTE : The thing about charting is IT IS BASED on probability based on historical price actions and patterns. But the market is forward looking and to restrict oneself to say that if the price moves to A, then it would goes to B, then C is not only myopic but also underestimate the Market which is ever changing. Price action could very well not...
Fundamentals: The coffee Market has been in a strong bullish trend ever since a frost hit the brazil coffee belt in July / August 2021, followed by a period of drought. This left the world´s biggest producer of Arabica coffee with huge productivity losses for the 2021/2022 crop. That results in a really tight Arabica balance sheet for 2022, which could get worse...
Entry on 8 Feb with SL on same day low Today trailing stop at neckline 245
GBP CAD bullish Head and shoulder pattern and Cup pattern together. when broken this resistance Buying will be strong