Whilst the chart may suggest a H&S pattern will form which suggests a bearish move. We have to see the fundamentals here.

There has been huge stock drawdowns with huge %age of failed gradings.

Conab only predicts a 5.5% increase in total Brazil coffee, off which Robusta recovery is much greater than Arabica.

Need to consider the Arb of Robusta vs Arabica too.... is demand switching back to Arabica?