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A double-zigzag has completed on the fall from the Sept. 1 high of $2.9085 to $2.3405. If the downtrend is temporarily over, the contract is expected to rebound to $2.66, a presumed wave "B" top.
The double-zigzag could extend into a triple-zigzag, which would be confirmed if coffee dips below $2.3850.
No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.