Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The market bounced right off the blue support dots in the 5 hour time frame slightly above 140.00. A line has now formed above at 144.07, where I am expecting more resistance and a pullback. Should the market go through then this thing has more power to it than I have imagined. MACD crossing again for a sell, market bouncing up, does not seem to care. I know many traders are looking and trading these divergences, all to no avail for the time being.