Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Coffee weekly high cycle within weeks ending May 4th and 25th. So far the high has been done the week of May 4th right at the beginning of the time frame. The market posted an extreme RIGHT TRANSLATION of the past low weekly cycle, when it did 11530 the week of April 20th when the time frame was within weeks ending March 16th-30th.
Most of the times when this happens, the next cycle which in this case should be a high one within weeks ending May 4th-25th, happens to fall on LEFT TRANSLATION of the cycle, which is within the first part of the time frame for the cycle and sometimes, even outside, to the left of the time frame.
We´ll see in the coming weeks.