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The large channel is the red one and it may also be within the blue sideways consolidation. There is some downside but it shouldn't fall below the red bottom band. Best is both bottom bands are hit at the same time so we can go long again. I see some support at the current prices so it may bounce from here.
any thoughts on coffee? i can see a 2014 bull flag forming.
ReplyDeleteThe large channel is the red one and it may also be within the blue sideways consolidation. There is some downside but it shouldn't fall below the red bottom band. Best is both bottom bands are hit at the same time so we can go long again.
ReplyDeleteI see some support at the current prices so it may bounce from here.