COFFEE At Crossroads: Up or down?
COFFEE has seen a strong impulse to the upside. But guess what? Now price is being coiling into a tight triangle. In this case, there are two scenarios possible, and taking into account that the market conditions are bullish, I am more inclined to say that the price will break to the upside of the triangle formation.
Do you agree? Drop a comment below. Engaging with the TradingView community is always helpful to improve and grow as traders.
Not financial advice, just sharing my thoughts on the charts. Trade safely 😊