Coffee KC - Why I see $390 and $470 as possible

The Medianlines project the most probable path of price. It's not a fortunetelling tool. It's a technical tool which is based on serious statistical research.

So, what I do when I use it is, using statistical proven evidence on a graphical basis, supported by a definite trading framework.

Why do I pound on these information?
Because it's important to understand what Medianlines aka Pitchforks are based off, and what they are good for in trading. No "Magic", just a tool that helps a trader/TA in it's daily Job.

ANALYSIS OF COFFEE

The up-sloping white Fork shows us the most probable path of price. It's up. Price blew through the Center-Line, found support, and advanced even more to the upside from there.

Then we have the slanted yellow dashed lines.
What are they?

Many say this is a action/reaction thingy.
Others say, it's a timing tool.

I say, it's both.
The way I use it, it takes in the angle from the last real high, and the low of the pullback from it. Then I go back to the last low before the new high. This creates an Angle, and a width. Combined it gives us not only a potential timing, but with the dynamic of price movement also potential resistance/support.

So, we can see where we got such signals - where the orange circles are. The second one intersects very nicely with the Center-Line of the white Fork. I observe this "incident" often when I use them.

Back to Coffee...BRB §8-)

We see the time/price line intersecting with the 1/4 line of the Fork. I expect a reaction there - even a pullback back to the Center-Line is possible from there.

But if price also blows through this level, then I know that the next Target will be the Upper-Medianline-Parallel.

So, there we have it.
I hope you can take away some knowledge from this post and thanks for all the boosting and following folks.