coffee is extremely bearish since September.
we saw a sharp and strong decline during the last two month.
however, just recently the price has reached a major daily support level.
chances are high that we will see at least a pullback from that.
I am waiting for a 4H candle close above 107.1 level.
it is a horizontal neckline of an inverted h&s pattern.
after the breakout I will buy the market on retest.
goals:
110.65
113.0
(if neckline is respected and price drops below the head, setup will be invalid)
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.