Coffee's overall trend, revealed by trends of price, leverage, and time, defined and are discussed in The Matrix for subscribers.
Coffee's primary trend has been up for 7 months and 17% profit. The daily, weekly, and monthly trends, or the composite trend, is out of alignment. This defines cause building in the Evolution of the Trade (EOT). Traders riding following the EOT most often experience cause building in phase 3.
Resets define realignments of the three timeframes up or down. The next Reset for coffee would be up. I suspect I might be talking to myself with coffee, because few are interested in it. That doesn't bother followers of the invisible hand, or me. That's trading. Inexperience follows the crowd. Experience follower the invisible hand.
Is the invisible hand accumulating or distributing during consolidation? Watch DI. A rising DI defines accumulation, while falling suggests distribution. If coffee's DI increases ahead of the Reset, it tells us there's plenty of energy to fuel the next impulse. This was the case for the Nasdaq 100, which is rallying right now. Smart money will buy the next Reset set up by accumulation. We'll talk about it when it happens.
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