Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Very interesting portrayal that mirrors the 17 month timespan of the declining wedge pattern. Noticed that in the initial double top, the second attempt failed to reach just by a tiny amount. And we are again at such a tiny amount from retest of the bottom. Thank you for your clever insight!
Here we have a one hour candle chart showing the erosion of the morning's upward impulse. The morning's gap area was revisited again and recovery took the form of a pair of doji candles that concluded the day. In a variety of intraday time frames, dojis proliferated the chart, indicating to me a context of extreme indecision that may mark an extremum, a turning point or pivot. Perhaps we are at the corner of Bear and Bull roads?