It's cliché to be a stock market bear these days but I find it healthy to attempt to do so so long as there is a wave count and reference level one can stick to. Turning to the chart, it appears we are struggling to break through to new highs in the $3,000+ area. This could suggest one of two things: (1) as shown in yellow, that the entire move up from the...
Coffee has enjoyed a nice 5 wave bull impulse mirroring the start of its sister wave (A). After the 98.40 gap fill (likely just prior to the July 31 FOMC), purchase December 2019 OTM Call Options (expiring November 8 2019).
It appears an entire impulse wave sequence is complete with a final fifth wave expanding diagonal and we are ready for a very substantial fall and entry into a bear market.
Please see above.
Please see the chart - and remember, RSI is more important than price with respect to the completion of an ABC (i.e., if wave C's RSI exceeds wave A's RSI that is more important than wave C's price exceeding wave A's price (though typically both go together)).