yep that ascending triangle played out, if you listened to the
commodity newsletter mentioned the ascending triangle possibility
last night which are continuation moves and as Steve said price is
simply following the 9 EMA, now with the large candle today if it
takes back more than 50% of it in the next day or so then could a
pullback.
Otherwise coffee has been going up on fundamentals with the
drought, hell of a move since November however and up 45% in Feb,
crazy
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yep that ascending triangle played
JO
Posted by matt on 3rd of Mar 2014 at 03:54 pm
yep that ascending triangle played out, if you listened to the commodity newsletter mentioned the ascending triangle possibility last night which are continuation moves and as Steve said price is simply following the 9 EMA, now with the large candle today if it takes back more than 50% of it in the next day or so then could a pullback.
Otherwise coffee has been going up on fundamentals with the drought, hell of a move since November however and up 45% in Feb, crazy