Coffee's overall trend, revealed by trends of price, leverage, and time, defined and are discussed in The Matrix for subscribers.
Co Matrix makes us cringe, but who needs trading discipline? Trading discipline is for The Fool (see picture).
A quick glance at $TSLA reveals primary trend price and time cycles of 2.6 and 0.80. In other word, the rally is seriously extended at least in terms of the Evolution of the Trade (EOT). This makes everyone but the real fools nervous. Fear not, as long as Nancy Pelosi keeps buying more long-dated calls, that's all the Internet needs.
Coffee's primary trend has been up for 10 months and 43%. 43% might seem lame, but it blows away $TSLA's performance over the same period. If this makes us The Fool for playing in $JO over TSLA, then we'll gladly accept it as an honor.
Is coffee's rally over, or is it just getting started?
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