☕️Coffee futures (KC): third wave bull market.

1 mar 2023

●● Preferred count
● Coffee Cash (KC.C), 🕐TF: 30D

Fig.1

In Fig. 1, the wave count from 02/07/2022. At the moment, the market is in the initial stage of the development of the primary wave ③. The alternative scenario is the same — the continuation of the formation of the wave e of (IV), as it is marked in black.

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● Coffee C®️ Futures (KC1!), 🕐TF: 6h

Fig.2

The wave ① formed the shape of an expanding diagonal. There is another infrequent pattern on the chart — an expanding triangle at the position of the wave (X) of ②.

Growth is expected to continue.
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