We can see on the COCOA daily chart a bullish pattern called "Cup and Handle", when this pattern is break up (with a big green candle and a big volume) there is a good long signal with an interesting RR ratio. I will keep an eye on this chart !
Enter on the retest of the trendline on bearish price action.Chart illustrates this well.
Dates in the future with the highest probability for price direction reversals
Cocoa Futures showing some signs of rejection at relevant area of Resistance. Also note that climatic volume which makes me think that there may be selling pressure. 3D chart.
Wyckoff phases for Inverse Cocoa weekly ,this study is the piece of a puzzle, this piece is saying that the short trend of the inverse of the Cocoa is over and we are in the initial phase of a future trend long, clearly for the future Cocoa it is the opposite, if this study It is correct, if other research confirms it, the future of Cocoa is a down trend for years .
While you’re enjoying the summer sun and clear skies back in SA paradise… I’m afraid I’m not. I’m trying to keep warm sitting inside a local restaurant in Greece with a cup of hot chocolate while I search for my next trade. And surprise, surprise, cocoa popped up on my radar… Here are three reasons why I’m buying cocoa and where I expect it to head next. ...
Cocoa has been trading on a multi-year Channel Up since May 2017 with the 1D chart trading near the overbought territory (RSI = 70.555, MACD = 51.220, Highs/Lows = 144.4643). If the Channel stays intact then the price should pull back towards the 1D MA200 for a Higher Low near 2,365. If however it breaks as it did in March 2018 then it can easily reach 2,940...
Cocoa Long - Risk Reward 2:20 Cocoa is trading below the long term weekly trend, with strong selling pressure forcing it below the expected RSI and BBands for its current bull cycle. Trade with tight stop on bottom of cyclical trend reversal. Entry price range: 1.9 - 2.0 Exit price range: 2.26 - 2.35
Cocoa is a buy at the moment but there are also short opportunities to be had once we reach the top. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Cocoa is currently trading on a 1D Channel Down (MACD = -26.310, Highs/Lows = -32.7143, B/BP = -53.5400) about to price its Lower Low. We have a pending short order on the 3rd estimated Lower High, which based on the previous channel's should be printed. TP = 2100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...
A bullish signal on Cocoa with first target area at $ 2,305/2,310. Stop loss at $ 2,090/2,100
Cocoa futures monthly demand in control, long opportunities. Going short with monthly demand level in control is very risky and low odds. Very strong monthly demand created with proximal line at 1995. New daily demand zones being created, not yet available. Longer term long bias with this monthly demand zone in control.
Cocoa (CC1!) is on a very aggressive long term Channel Down on 1W (RSI = 37.498, MACD = -53.170, Highs/Lows = -176.9286, B/BP = -379.8580) and is currently also trending lower on the latest 1D bearish leg, equally as aggressive (STOCH = 21.862, Williams = -90.823). This is the third leg downwards on this Channel Down and based on the previous two it should reach a...
Quick chart for my followers, cocoa to go long, if you have been following my other publishes then you would understand my chart without yellow full details, there may be further downtrend on the bottom yellow line but overall cocoa is on the uptrend as it has hit top yellow line. Top yellow line at 2051 Bottom yellow line at 1800 Please study your indicators...