March Coffee--Cycle Perspective
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Started by tjc - Jan. 12, 2022, 7:36 p.m.

 Greetings MarketForum

   (Please look at 6 month daily chart kch)  (Sorry not computer savy enough to post within--MetMike?)

   Coffeee appears to have established a daily and half primary weekly low on January 3, 2022.  (15 weeks after its last major weekly low on Sept 20.)  (34 days after its last daily cycle low)

   It has rallied one up, two down since said 1-3-22 low, but aggressively higher.  Tomorrow, I will buy on a dip, as so far the first 'down' day after the big up is a low day ( the next day thereafter not lower).  I believe this pattern changes!  My order is 238.90, hoping 239.90 is not tomorrow's low.

  I believe this rally will take out the current 252 high and get to at least 255.  Looking for a January 25 high closer to 270.

  One man's perspective--2 cents--trading involves risk--yada yada.



By metmike - Jan. 13, 2022, 2:05 a.m.
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Thanks tjc!

By cutworm - Jan. 13, 2022, 8:58 a.m.
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Thanks tjc i have always been interested in cycles but could never make them work. Thanks for sharing