this is my bullish technical idea and price action analyze . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
I have been talking about coffee futures a lot and looking for an opportunity. This chart follows the futures I have been tracking well and we just broke out.
Brazil's forests were ravaged this past year and I am expecting a perfect storm of dollar weakness and supply chain problems leading to a big spike.
• Entry at completion of Batt pattern @127.27
• Double bottom formation at batt completion price further supports bullish signal.
• Fundamentals support long term bullish position due to draught concerns, similar to 2016: