Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
There was a low weekly cycle due within weeks ending Feb 2nd-16th. This cycle produced RIGHT TRANSLATION of it, happening during the week of Feb 23rd.
The next weekly cycle is one of short duration, which apparently and by normal sequence of cycles should be a high one during weeks ending Feb 16th-March 02nd. So far, the high of this cycle is happening this week (the one of March 2nd) with the present high of 12420.
Again, by normal sequence of weekly cycles, the next one should be a low within weeks ending March 16th-30th.
NOTE:RIGHT TRANSLATION occurs when markets are too inclined towards the predominant trend.