#Coffee (D1) – Triangle Formation & Potential Wave 5 Extension
Current price: $386.4
Coffee futures are developing a triangle continuation pattern, signaling possible breakout toward the next impulsive wave — likely wave 5 within the broader bullish sequence.
🧩 Technical Context
• The market completed a clean 1–2–3–4 wave sequence since the August low (~$330).
• Current structure consolidates inside a symmetrical triangle, typical before a wave 5 breakout.
• The pattern is forming above key supports, confirming mid-term bullish bias.
📈 Wave 5 Projection
• Potential breakout direction: upward continuation
• Stop-loss: below wave 4 low (~$355)
• Fibonacci-based upside projections:
– 0.786 Fib → $416
– 1.0 Fib → $432
– 1.2 Fib → $448
– 1.618 Fib → $480
– 2.0 Fib → $508
– 2.618 Fib → $556
Expected wave 5 may extend toward $480–$500 if breakout confirms with volume.
🧭 Summary
• D1 structure indicates triangle consolidation in a bullish trend.
• Breakout above $390 would confirm the start of wave 5.
• Stop remains below the wave 4 low (~$355) to protect against false breaks.
• Momentum and volume confirmation are key for trend continuation.
Current price: $386.4
Coffee futures are developing a triangle continuation pattern, signaling possible breakout toward the next impulsive wave — likely wave 5 within the broader bullish sequence.
🧩 Technical Context
• The market completed a clean 1–2–3–4 wave sequence since the August low (~$330).
• Current structure consolidates inside a symmetrical triangle, typical before a wave 5 breakout.
• The pattern is forming above key supports, confirming mid-term bullish bias.
📈 Wave 5 Projection
• Potential breakout direction: upward continuation
• Stop-loss: below wave 4 low (~$355)
• Fibonacci-based upside projections:
– 0.786 Fib → $416
– 1.0 Fib → $432
– 1.2 Fib → $448
– 1.618 Fib → $480
– 2.0 Fib → $508
– 2.618 Fib → $556
Expected wave 5 may extend toward $480–$500 if breakout confirms with volume.
🧭 Summary
• D1 structure indicates triangle consolidation in a bullish trend.
• Breakout above $390 would confirm the start of wave 5.
• Stop remains below the wave 4 low (~$355) to protect against false breaks.
• Momentum and volume confirmation are key for trend continuation.
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.