Sept coffee is looking like we are putting in the last leg of deep zig zag for a wave 2 and targets come in at (158.20 = .618) and 163 n change( A=C). Wave 2's usually retrace .618 of wave 1 there are however exceptions as they can retrace the entire move of wave 1. price
must not break the low of where wave 1 started. While I don't think this is going to be the case markets usually do what you don't think they will do and coffee is notorious for that! I will be watching this market to try and time an entry. If this is a wave 2 and (I hope its a deep wave 2 ) next will be an exciting wave 3.
Good trading
CK
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