Cocoa topping
Updated
Seems cocoa is finding a way lower. On the monthly I see too much pressure building. Path of least resistance is likely to the downside at this point. I prefer to get in a bit early than wait for the pennant to break to the downside (if it does).
Trade active
Entry @ 3000Note
Crack. See yaNote
If you're lucky you still might be able to short at 2750. The beauty is your r/r would still be attractive because any break above 2850 would qualify this is a fake out to the downside. Probability continues to be to the downside on this one. Far lower.
Trade closed: target reached
Holding short
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