Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Has this ever NOT OCCURRED? What kind of dynamics might cause this NOT to happen? In what fundamental context could THE OPPOSITE occur? I presume that such a development would have significance. Gaps require a pent up force to create the push necessary to jump. Yesterdays daily candle has a long tall upside wick to it. Price can much easier open higher by sliding up an established flagpole, so to speak. In that respect, price could open a penny higher and not have to forge new ground. The up gap would not really be a gap in respect to previous day's range. So, just as I appear the ONLY one here to propose that we have seen the absolute low already (unless LaBusyBee is released from hostage!), I suggest that the keen expectation of price depression through FND----- WILL NOT HAPPEN. In fact, a price surge upwards during this time could indeed be the propellant for a declining wedge breakout. JK, you out there? Reload and lets find us some Ursa Major!