Coffee is already almost hitting the trendline formed on the Daily chart.
It broke the 4-hourly trendline some days ago so a bit of extra caution is needed; however, the Risk-Reward-Ratio looks quite promising.
Watch for the opening of the next 4H chart!
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close (32 Commodities)
Best regards :)
Confluence between the 618 retracement and the 161% extension, let's see if the big bears start to bid lower once the price gets there. (IF)
There's also the previous structure at 224%, above the 78.6% retracement, let's call it a "cluster zone between fibs", and it will "validate" the "extended" Shark at 224% (check price action and structure at...