5.3.24 this is a short video on coffee which is an expanded market and they are the best markets to trade if you could identify the trade location for buyers and sellers. I would be looking for buyers in this market to take a long position... but on the current swing we don't see buyers yet. But we set it up having a strategy and using our tools and now we...
Entry Level: $190
Stop Loss: $186
Target: $195-$199.00
Analysis:
The current entry level for initiating a short-term long position in US Coffee stands at $190. A prudent risk management strategy suggests setting a stop loss at $186 to mitigate potential losses in case of adverse price movements.
The target range for this long position is set between $195 and...
Currently KC is in an upward trend, but if the red average indicated by the blue arrow is broken and we enter the green zone, we will open a sell trade.
1.24.24 Had a request to talk about coffee.... and I use this as an example about how Useful it can be to look at the market when it's trading in boxes... and using extensions and ABCD patterns. Fibonacci extensions show you reversal points. ABCD patterns show you reversal points but can also show you targets. Coffee is a good example of this.
- The market has been trading under a bearish trend line since the beginning of 2022. However, since October of the same year, prices have slowed their decline, trading within a 62$ wide range. The trend is therefore neutral in the long term.
- Prices continue to dance within their range, having registered 2 impacts on each of the two bounds. Both moving averages...
Possibly 280.00 On This One. Interesting Psychological Study To See The Correlation Between Caffeine Reliance During The Oncoming Economic Conditions. We Know Caffeine Is A Drug And Easily Addicting Substance. I’m Curious How Much Of Americans Rely On Caffeine And The Increase In Demand.
I can go very in depth on this one but I’m not obligated to
The coffee price is currently trading in our orange Target Zone between USX 180.40 and USX 174.65 and is making its first attempts to rise. According to our expectations, the low of the yellow wave 2 has already been reached and we expect the yellow five-part wave to continue to grow to USX 210 before the upward structure and thus also the overarching wave (b) in...
We already know that coffee beans have always been one of the most traded commodities in the world, specifically second, so why the sudden interest again?
Figure 1: Summary of World Coffee
In recent years, global consumption has increased at a higher rate than production due to pent-up demand. This rather large deficit in balance in the past two years puts...
Seasonal tendencies are working against this, paired with U$D pressures as those continue to build.
Beyond that, world production is in steady decline with visible crisis levels looming on the horizon (within a decade). This is mostly due to radically increased UV levels in coffee growing regions, paired with a rapidly declining global work force.
The coffee futures were spotted completing a five-wave advance beginning in Oct.2023 and ending in Nov.
The coffee price is now in a wave 2 corrective phase. The 158 and 155 levels shall be the crucial support levels going forward since they are the 50% and 61.8% retracement levels of the wave 1 rise respectively.
The 3rd wave price target is projected around the...
Overextended Market
-Price created many RBR in a row which
gave us the ability to draw aggressive upward ML.
-Market overextended and potentially elastic band effect.
-Price broke aggressive ML
-Price removed 2 opposing RBR demand
Am not too sure about a HTF (W or D) but I still
nice little RBD that could also be used as a HTF
