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Thursday, February 20, 2014

Coffee - We are closing in on the target at 1.80.

Coffee

Please see my post from February 6 here first.

Is unfolding perfectly to my expectations and we are now closing in on the first possible target at 1.80, which both is the 38.2% corrective target of the decline from the 3.09 higher to the 1.09 low, but it also marks the top of wave 4 of wave A and could potentially end this rally.
Once this B-wave rally is over we should see a new powerful decline in wave C towards the 2001 low at 0.4390.


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