The coffee price has been moving downward since February last year within the framework of the superior wave Y in turquoise. In our primary expectation, however, this descent should not last much longer. In the orange target zone between USX 144.40 and USX 136.40, it should come to the low, followed by subsequent rises. Only falling below the zone would put a...
We maintain our bearish outlook. The market is swinging within a descending channel.
ONLY a clear close above KP will abort the bearish scenario and clear the path for a strong rally.
Here are some information that can decrease coffee price in the short term:
A bumper crop of coffee beans: If there is a bumper crop of coffee beans, this will lead to an increase in supply and a decrease in prices. This is because the market will be flooded with coffee beans, which will drive down the price.
A decrease in demand for coffee: If there is a...
8.2.23 This video Is about coffee which is found buyers and will probably go higher. This Market is a good exercise in drawing range boxes and that's the main reason why I posted coffee because I wanted Bobby to draw some range boxes from the past. and we mixed in a little bit of Extensions as well. My range boxes won't make any sense unless you go through an...
7.6.23 I'm going to start with a correction.... I referred to gold when I was looking at Bitcoin... it's Bitcoin. I'm having problems with Bitcoin because of its lack of volatility and I explain those details to give you my perspective. I made a second mistake on the Bitcoin when I was showing the range boxes on a chart with weekly bars.... not daily bars. The...
7.6.23 In this video I'm looking for a long trade in coffee even though it looks like it may trade lower to those extensions. The reason why I picked coffee even though most people will never trade it, Is that it's a very good example of using the tools that I like to use. So don't worry if you will never trade coffee<<< you should focus on how to look for...
6.26.23 This video Is about the indexes and my belief that they're going to move lower. I was looking at the ES and the Russell. I believe they are short trades but we're a little late and we should have done this before the weekend yet I believe they're going to trade lower. the other market is the coffee market and I think that it just gave A signal that you...
6.12.23 I probably should have made this Bobby's homework assignment..... I went back to take another look at gold to help me manage my Miserable state of mind... which was totally unnecessary. I added the coffee market which is moving beautifully... even though it got lower after the weekend. It's very important to understand the tools and went to take profits to...
The multi-year base in Coffee, if this is a correct chart diagnosis, could send Coffee into the troposphere. Seldom have we seen "life-of-contract" multi year bases, but this could be one
6.8.23 This is a video follow up on coffee that started out as a great long trade for my students and then the market transitioned and started going lower to the point it looked like sellers were going to prevail. However the market Started reversing and moving higher but not with Reckless abandon. It looked more like a difficult grind moving higher as opposed to...
6.7.23 This video is about the coffee market.... with a focus on Probabilities as the markets moving higher and lower.... from my perspective. This is not a science.... it's not perfect... but it helps you manage your expectations more effectively based on market behavior and patterns.
5.30.23 This is a follow-up on gold. When it was near the bottom it gave a buy signal and it has moved $4,000 higher. so far it is a profitable trade. life is complicated for me because I want to buy gold if it makes a new low so that I can get a better price. The market can certainly move higher and make new highs from here... and if I don't buy the physical...
5.22.23 I really did a terrible job last night.... it shouldn't have happened. This video will clean up some basic Things that you need to look for... the first being that you must know where the buyers and the sellers are. You want to short when you're approaching the sellers, But sometimes this is very difficult to do because you might think you're selling...
