#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.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.