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We talked about Coffee getting expensive on November 28 of 2024 due to tight Brazil crop fears and it's coming nicely higher within a projected impulse with space for more upside.
(Click on image to enlarge)
COFFEE Weekly Chart From November 28 2024
As you can see today on March 13 of 2025, Coffee extended into 400 area for subwave "v" of 3, but we can see a new slowdown, which can be just a higher degree wave 4 pullback, where ideal support comes at 370-350 area and from where we should be aware of a bullish resumption for wave 5 of (3) towards 450 - 500 area.
(Click on image to enlarge)
COFFEE Weekly Chart From November 28 2024
Basic Impulsive Bullish Pattern shows that Coffee can be trading in subwave 4 pullback before a bullish continuation for subwave 5 of a higher degree wave (3).
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