As Coffee has been in a general downtrend, I'm looking to take advantage of the next potential leg down. The previous pullback (move above rising trend line support) has had a few nice short-term swing opportunities both to the upside and downside. After breaking and closing below gap, horizontal and rising trend line supports along with Friday's long-tailed dark cloud cover confirming all three levels as new resistance, I've started to build a short position...
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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.