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).
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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.