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COFFEE May Reverse! Here is Why:

COFFEE May Reverse! Here is Why:


coffee is extremely bearish since September.
we saw a sharp and strong decline during the last two month.

however, just recently the price has reached a major daily support level .
chances are high that we will see at least a pullback from that.

I am waiting for a 4H candle close above 107.1 level.
it is a horizontal neckline of an inverted h&s pattern.
after the breakout I will buy the market on retest.

goals:
110.65
113.0

(if neckline is respected and price drops below the head, setup will be invalid)

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