Coffe Robusta wyckoff estructure

6 thg 12, 2023

Several tests conducted on the structure validate it, so robusta coffee futures show an offering at 2600 and demand at the 2400 level. The price is at a resistance on the channel ceiling and Volume Profile's Value Area High (VAH). It reacts at the price of 2566. There is a magnet due to the downward gap that the price tends to revisit (2690). Watch under the channel ceiling structure to see if it shows signals of accumulation or distribution. Strong hands are short around 2550 and are shifting their call sales to 2600 this week, making this resistance stronger. We will see how the price unfolds in the coming days.