Our preferable scenario for COFFEE remains the same. A rise in wave 5 could bring prices to new highs. Short-term intermediate target of $200. Fixing the price of COFFEE below $155 will cancel this scenario.
Hello,Traders!
COFFEE was trading in a downtrend
For quite some time but then
The price broke out of the falling wedge
And now the price action is bullish
So I think we will see a move up
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Higher timeframe analysis:
-Price inside weekly RBR demand
-Price very near 200MA + above it.
-Looking for longs
Lower timeframe analysis:
-Pirce broke downward ML (trend lines)
-Price removed opposing supply pivot point areas of supply
-New HH/HL demand zones being created
-Looking at potential small risk with SL below the lowest level.
Let me know your thoughts.
Reverse H & S pattern??
Neckline in play currently as key support and possible bounce-point from which lift-off could revisit earlier-'22 highs....or not....
Fundamentals reflect a tug of war between 'demand destruction due to China shutdown and global recession' vs 'supply inadequacy due to weather related subpar crops'.
FWIW, I'm long call...
We are long coffee. Take profit at 181.60 and Stop loss at 160.80. It is important to note that stop loss and take profit are activated upon weekly close if levels are met. This trading signal has a 30% profitability rate and a risk to reward ratio of 16. Incredibly profitable trading strategy.
7. 23. 22 CL11 ZC1! ES They were good opening price into bar reversal trades. Oil should have been a very profitable market this week, but it's coming to the support it looks like it may Move Lower.
11.21.22. First: Tradingviews discount offer is a fabulous offer. My advice is get the premium version and you're paying less than a dollar a day. And you really want the premium version! I used to Gift To one of my students since she's been my friend for over 40 years, and it's the reason why I started to show my charts on tradingview. The tradingview...
11.17.22 Oil had a good day today, and we discussed that on an earlier video. Tomorrow may also be a good day for oil, we will have to look at the opening price. Coffee is setting up for a long trade, and while I believe we'll have some confirmation and find buyers, we're not there yet... but I think we're getting close. Since all of this is hypothetical....And...
The price of COFFEE fell below $160 and we have adjusted our markup, the preferable scenario for growth towards $200 remains the same, but you need to be careful ❗️ at these price levels, a fall below $155 will break the upward structure and cancel this scenario.
we are witnessing falling bullish wedge pattern on smaller tf
and main weekly trendline around 147
either we run soon, or a bit later
direction seems to be cleared out
COFFEE
We love coffee, so we look the dynamics of its price.)
In previous reviews, we considered the possibility of coffee rising from $170-180, the price went a little bit lower, but the structure is still in line with our preferable scenario. Growth in wave (5) will bring the price to a new high, the first intermediate target of $200. Fixing the price below...
Hello,Traders!
COFFEE has been going down
For some time now and has lost 35,5%
From the recent highs, so I think
That coffee is oversold and as it is
About to retest the horizontal support
I think that the rebound is imminent
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
As we expected, the correction in COFFE brought prices to the target range of 170-182. The preferable scenario for the movement is a change in the trend for growth. We will look the situation as it is quite predictable. The fifth wave of growth could bring prices above $300. We assume that the price may continue to decline. The $157 mark is critical for this...
10.24.22 KC1! This is the continuous coffee contract. I would say there is a buy signal, so you might look at the spot contract and use a small stop. If you need more evidence, that's not a problem, but keep it on your radar.
The priority scenario of the wave structure is a continuation of the decline in the 4th wave with the target of $178, where the correction will end. These levels are attractive to buy. On the chart, we have displayed the reversal zone and options for the development of price movement with a blue and red dotted line.
Hi Everyone!✋🏽
COFFEE is in a long trend accumulating to go on with it. After having taken back by the buyers, the long trigger zone marks the place where one can find a long trade on H4 time frame.
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Trade safe! ⚪️⚫️...
ICEUS