KT1! trade ideas
Coffee futures (KC1!) - stay bearish Coffee futures (KC1!) has completed W & X wave and now going down in Y wave, which will unfold in ABC. A is in progress, so sell near 120.50 - 121.50 with stops above 123.95 for down cycle and target zone is near 106 as ABC finishes.
Sell opportunity for the KC on the 15MI see a formation of a beautiful sell configuration on the 15M since the the KC broke a strong support area and this will lead to a bearish move.
Coffee futures (KC1!) - stay bearish Coffee futures (KC1!) is in Y wave down so stay short in bounce with stops above 127.25 with smaller quantity for Y wave down for target below 106 or even lower. THere is small possibility of X wave extension, so stops should be above the major swing high and stay small so that full move can be captured.
Coffee futures (KC1!) - stay bearish Coffee futures (KC1!) - is in (X) wave correction in wxy where y is in abc zigzag, so wait for it to complete near 121 zone, where (X) wave finally finished. thereafter stay bearish with stops above 127.25 for (Y) wave down for target zone around 106 or lower. The cycle is double zigzag as (W)(X)(Y).
Copper Tesla Coffee8.13.20 I reviewed a few markets including copper, Tesla, coffee, and if you equity markets that I am no longer going to follow as I am cleaning up my watchlist. The discussion is mostly about trading dynamics and how to manage losing trades when it's likely they will give you a second chance to exit a trade.
BA Easmankodak Coffee8.10.20 Using market dynamics to find a tradable opportunity in a difficult market.
Coffee price goes DOWN
Hi! In my point of view we saw a long side movement, than a breakout. The shooting star appeared in a daily chart and even the confirmation arrived with the next day candle. Even a weakly chart shows a shooting star. Normally since the big top price (289) the things have been changed. Aug and sept are negative months. Oct is the comeback. Even the Corona news getting worst which confirms the turnback. Regarding the rules, evry correction takes at least 3 candles but it can takes 3-6 weeks. So on Monday we will see a price around 115.5 than bouncing back around the 120 area than goes down until 102, maybe 98 than the 6.5 weeks period is over ( the actual month will be October as well) so a new Long will come again.
RVGI Buy PivotThe RVGI is an indicator based on the candle body : range ratio, presently it is displaying a pattern of making higher lows and is liable to pivot near or on the trendline drawn (Coffee prices should in turn pivot with it).
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently.
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US Coffee futures ( KC1!) - stay short for C wave US Coffee futures ( KC1!) has completed ABC zigzag up side where C wave was extended impulse.
It dropped in wave A in 15 min time frame, so get in to sell trade in B wave near 124.25, with stops above invalidation level above 127.50 for target of C wave down up to 116.50, which is the 4th wave zone of internal wave of C previous wave of Up cycle.
