hello everyone, as we see the price of coffee run wild for years and coming to an interesting (rocky) plateau, we may be able to better quantify the effects of the economy "running hot" as seen by the consumption of caffeine. - if rising costs of coffee comes in conjunction with other rising costs, inflation, gasoline, general higher cost of living, and...
Main Pattern: Weekly Reversal Head & Shoulders Minor Pattern: Continuation Bearish Daily Head & Shoulders could confirms the Weekly Pattern downside: the neckline is not horizontal the trigger points are: Daily 201 Weekly 199/198
HELLO TRADER'S THIS IS MY BEARISH TREND Analyze WAIT FOR PRICE TREND RESPECT IN PREVIEWS SUPPORT AND RESISTANCE ZONE AFTER TREND CONTINUE TO DOWNTREND MOMENT IM FOCUS .
Looking for another bullish leg on this coffee index as commodities continue gaining. Good luck.
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
Looking for Coffee to present a double bottom before making higher ground.
buy after it break level 4
buy on the channel breakout
Wait for the wave 4 correction to finish and then buy I am expecting a reversal near the box
Position working out well ! Let's continue seeking the higher levels ! Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
LONG COFFEE. Thanks for viewing ! This is not financial advice , please consider your own DD and RM.
Waiting for the resistance bouce + possible break of the bearish trendline (H4 RSI divergence) Trade safe
here we going to short this commodity. goodluck
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.