Short
COFFEE - getting cold
I am aware of the falling wedge accompanied with positive divergence and was long recently (and got stopped out)
There is obviously more negative momentum in the very near time, hence shorts are probably the better options with stops running above the trendline. This wedge may not be completed, and targets are 120 handle.
Eventually there will be a strong reversal , but for this I guess we are all waiting, so why fight this trend ?
There is obviously more negative momentum in the very near time, hence shorts are probably the better options with stops running above the trendline. This wedge may not be completed, and targets are 120 handle.
Eventually there will be a strong reversal , but for this I guess we are all waiting, so why fight this trend ?
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