#Coffee beginning of another rally
Price recently managed to break above the bearish trendline that previously kept it lower during the recent bearish corrective move.
Now that the price has broken above this counter-trend trendline and formed a bullish impulsive move, we can wait for wave 4 to complete and try to benefit from the fifth wave.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Now that the price has broken above this counter-trend trendline and formed a bullish impulsive move, we can wait for wave 4 to complete and try to benefit from the fifth wave.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Note
It went higher as was anticipated to complete wave 5.However, it didnt provide me good enough corrective move to take advantage of this move.
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