• Entry at completion of Batt pattern @127.27
• Double bottom formation at batt completion price further supports bullish signal.
• Fundamentals support long term bullish position due to draught concerns, similar to 2016:
bloomberg.com/news/articles/2017-01-15/brazil-s-drought-deja-vu-makes-coffee-the-2017-commodity-winner
• Double bottom formation at batt completion price further supports bullish signal.
• Fundamentals support long term bullish position due to draught concerns, similar to 2016:
bloomberg.com/news/articles/2017-01-15/brazil-s-drought-deja-vu-makes-coffee-the-2017-commodity-winner
Note
Note
- Same as last week- Expecting prices to complete Bat pattern. Entry price @ 127.21
- The CD leg is a pennant
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.