Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Here we see classical volatility squeeze breakout continuation. Red upper resistance dots fate is to be taken out with a new trend establishing. Bollinger bands divorcing each other after being tight together. In order to sell red dots, there have to be other signs of exhaustion like bearish divergence, lost momentum, a line of red dots overhead, and maybe other things. Otherwise this remains a market to be bought close to the lower blue dots or purple crosses.