We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of March Coffee (NYBOT:KC.H14.E).
With futures you use the weekly MarketClub Trade Triangles to tell trend and the daily MarketClub Trade Triangles for timing the entry and exits to the trade.
Coffee made a base, has made a breakout of the base to the upside and a test of the base, which means a bottom is probably in for Coffee. Continue reading "Chart to Watch - Coffee"