The coffee futures were spotted completing a five-wave advance beginning in Oct.2023 and ending in Nov.
The coffee price is now in a wave 2 corrective phase. The 158 and 155 levels shall be the crucial support levels going forward since they are the 50% and 61.8% retracement levels of the wave 1 rise respectively.
The 3rd wave price target is projected around the 190 zone.
Note*- This post is for educational purpose only
The coffee price is now in a wave 2 corrective phase. The 158 and 155 levels shall be the crucial support levels going forward since they are the 50% and 61.8% retracement levels of the wave 1 rise respectively.
The 3rd wave price target is projected around the 190 zone.
Note*- This post is for educational purpose only