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CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
KC Coffee futures - It is within ABC zigzag down move, where B wave was corrected in complex wxy correction in ending diagonal c in y wave. The drop should be expected sharp down. So stay bearish at current level with stop loss above 113.40 for target below 100 level. There is a chance of C wave extension too. But next price action will reveal the how C wave down will reach the target. Dump it down from current level. There is also a chance of B wave extension if price crosses above invalidation level. so stay small in size unless it made a new low.
Give thumbs up if you really like the trade idea.
CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
KC Coffee futures - It is within ABC zigzag down move, where B wave was corrected in complex wxy correction in ending diagonal c in y wave. The drop should be expected sharp down. So stay bearish at current level with stop loss above 113.40 for target below 100 level. There is a chance of C wave extension too. But next price action will reveal the how C wave down will reach the target. Dump it down from current level. There is also a chance of B wave extension if price crosses above invalidation level. so stay small in size unless it made a new low.
Give thumbs up if you really like the trade idea.
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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.
Disclaimer
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.