Saturday, 18 June 2011

Coffee correction resumes

the next leg down ,C of a correction or 3 of new downtrend,has started  with the break below 2 previous swing lows.If you check back on the previous posts you can see we nailed the top on this one using a variety of techniques,including the Gann square of 144





 there may be a warning for the bears from the weekly Gann fan chart but on balance I favour more downside,with stop above Friday's high


 

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