COFFEE Breakout to the Downside
Look at the broader picture. Price has been making lower highs and lower lows, respecting a clean descending trendline. Sellers have been in control for a while.
Now focus on that support zone, from where price bounced multiple times. But notice what changes on the most recent test.
Instead of a clean reaction like before, price breaks below with momentum.
Thats a major shift. When demand fails like this, it often flips into resistance.
Now price holds below the broken zone with no strong reclaim or immediate buyer response.
That tells us selling pressure is real. The small bounce we see afterward is corrective.
It lacks momentum and happens below structure.
As long as price remains below the broken level and the descending trendline, I expect the move to continue towards 315.0 level.
Invalidation; a strong reclaim back above the highlighted zone would require a reassessment.
Until that happens, for me this is a trend continuation scenario.
The market already made its decision, now its following through.