27Mar

Coffee Price Forecast Using Elliott Wave Analysis: Triangle Structure, Market Outlook, and Technical Trading Strategy Explained

Coffee Elliott Wave Analysis

Coffee prices have remained inside a sideways correction since the February 2025 peak. Despite this consolidation, the long-term bullish outlook is still valid. The current pattern resembles a triangle, which typically forms ahead of the final wave in a cycle. Based on Elliott Wave theory, the bullish cycle that began in October 2023 could be nearing its end after one more upward move, which may lead to a larger corrective phase.

Coffee Daily Chart Analysis

In January 2023, Coffee completed wave (II) of the super cycle. Following that, wave I and wave II of (III) ended in February 2023 and October 2023. After a 17-month rally, wave ((3)) of III peaked in February 2025, followed by a pullback forming wave ((4)), currently appearing as a triangle pattern. This pattern suggests one more rally to complete wave III, which should then lead to a stronger correction in wave IV. As long as the price stays above 373, the triangle formation remains valid, targeting a potential breakout toward the 480–500 range.

Coffee-Commodity-1d-...


Coffee H4 Chart Analysis

The 4-hour chart confirms the triangle for wave ((4)) is near completion, with wave (E) forming above the key 373 support. Holding above this level supports the triangle structure. If prices fall below 373, wave ((4)) might shift into a double zigzag pattern, possibly targeting 353–313, before wave ((5)) can begin.

Technical Analyst: Sanmi Adeagbo

Source: Visit Tradinglounge.com and learn from the Experts Join TradingLounge Here 

See Previous: Silver Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Coffee-Commodity-4h-...

Related

S&P BSE Sensex Index Elliott Wave Technical Analysis: Actionable Insights to Navigate the Indian Stock Market Effectively

S&P BSE Sensex Index Elliott Wave Technical Analysis: Actionable Insights to Navigate the Indian Stock Market Effectively

Gain valuable insights into the S&P BSE Sensex with Elliott Wave analysis for both daily and weekly ...

Read More >
JAMES HARDIE INDUSTRIES PLC (JHX) Elliott Wave Analysis: ASX JHX Stock Forecast, and Technical Analysis for Smart Traders

JAMES HARDIE INDUSTRIES PLC (JHX) Elliott Wave Analysis: ASX JHX Stock Forecast, and Technical Analysis for Smart Traders

Elliott Wave analysis of JAMES HARDIE INDUSTRIES PLC (JHX) on the Australian Stock Exchange (ASX). I...

Read More >
Analysis of Nestle India (NESTLEIND) Stock uses Elliott Wave theory to Provide a Forecast of the Stock's Future Movements

Analysis of Nestle India (NESTLEIND) Stock uses Elliott Wave theory to Provide a Forecast of the Stock's Future Movements

This analysis of Nestle India (NESTLEIND) uses Elliott Wave theory to provide a comprehensive foreca...

Read More >
COLES GROUP LIMITED (ASX:COL) Elliott Wave Analysis, Stock Forecast, and Investment Strategy for Informed Trading Decisions

COLES GROUP LIMITED (ASX:COL) Elliott Wave Analysis, Stock Forecast, and Investment Strategy for Informed Trading Decisions

COLES GROUP LIMITED (ASX:COL) Elliott Wave technical analysis offers valuable insights into stock tr...

Read More >
Euro/British Pound(EURGBP) Elliott Wave Technical Analysis 13 December 23

Euro/British Pound(EURGBP) Elliott Wave Technical Analysis 13 December 23

EURGBP Elliott Wave Analysis Trading Lounge Day Chart for 13 December 23, provides a comprehensive a...

Read More >
The Walt Disney Co. (DIS) Stock Forecast: Elliott Wave Technical Analysis and Key Price Levels for 2024

The Walt Disney Co. (DIS) Stock Forecast: Elliott Wave Technical Analysis and Key Price Levels for 2024

This article provides an in-depth Elliott Wave analysis of The Walt Disney Co. (DIS) stock, includin...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on