Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 2569
Pivot: 2422
Support: 2470
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2569, where the previous swing high is.
Alternative scenario: Price may break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
CJ1! trade ideas
Cocoa Futures ( CC1! ), H4 Potential for Bearish DropTitle: Cocoa Futures ( CC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 2569
Pivot: 2422
Support: 2470
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is.
Alternative scenario: Price may head back up towards the resistance at 2569, where the previous swing high is.
Fundamentals: There are no major news.
Cocoa Futures ( CC1! ), H4 Potential for Bearish DropTitle: Cocoa Futures ( CC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 2569
Pivot: 2422
Support: 2470
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is.
Alternative scenario: Price may head back up towards the resistance at 2569, where the previous swing high is.
Fundamentals: There are no major news.
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2577
Pivot: 2422
Support: 2475
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up towards the resistance at 2577, previous high is.
Alternative scenario: Price may go back down to retest the support at 2475, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Cocoa Futures ( CCK2022 ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to head towards the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Cocoa Futures ( CCK2022 ), H4 Potential for Bearish DropTitle: Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 2500
Pivot: 2422
Support: 2275
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci line is.
Alternative scenario: Price may go back up and retest the resistance at 2500, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Cocoa Futures ( CCK2022 ), H4 Potential for Bearish DropTitle: Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 2500
Pivot: 2422
Support: 2275
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci line is.
Alternative scenario: Price may go back up and retest the resistance at 2500, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Cocoa Futures ( CCK2022 ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CCK2022 ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2577
Pivot: 2422
Support: 2500
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 2577, where the previous high is.
Alternative scenario: Price may go back down and retest the support at 2500 where the 23.6% Fibonacci line is located.
Fundamentals: There are no major news.
Cocoa Futures ( CCK2022 ), H4 Potential for Bearish ContinuationTitle: Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 2454
Pivot: 2597
Support: 2355
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the support at 2355, where the previous swing low is located.
Alternative scenario: Price may go back up and retest the resistance at 2454 where the 78.6% Fibonacci line is located.
Fundamentals: There are no major news.
Cocoa Futures ( CCK2022 ), H4 Potential for Bearish ContinuationTitle: Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 2454
Pivot: 2597
Support: 2355
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the support at 2355, where the previous swing low is located.
Alternative scenario: Price may go back up and retest the resistance at 2454 where the 78.6% Fibonacci line is located.
Fundamentals: There are no major news.
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 2506
Pivot: 2422
Support: 2280
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing back above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line and 100% Fibonacci projection line are located.
Alternative scenario: Price head back down towards the Pivot line at 2422, where the 50% Fibonacci line and 61.8% Fibonacci projection line are located.
Fundamentals: There are no major news.
Cocoa Futures ( CCK2022 ), H4 Potential for Bearish ContinuationTitle: Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 2454
Pivot: 2597
Support: 2355
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the support at 2355, where the previous swing low is located.
Alternative scenario: Price may go back up and retest the resistance at 2454 where the 78.6% Fibonacci line is located.
Fundamentals: There are no major news.
Cocoa Futures ( CC1!), H4 Potential for Bearish DropTitle: Cocoa Futures ( CC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 2506
Pivot: 2422
Support: 2280
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the Pivot line at 2422, where the 50% Fibonacci line and 61.8% Fibonacci projection line are located.
Alternative scenario: Price head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line and 100% Fibonacci projection line are located.
Fundamentals: There are no major news.
Cocoa Futures ( CC1!), H4 Potential for Bearish DropTitle: Cocoa Futures ( CC1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 2506
Pivot: 2422
Support: 2280
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the Pivot line at 2422, where the 50% Fibonacci line and 61.8% Fibonacci projection line are located.
Alternative scenario: Price head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line and 100% Fibonacci projection line are located.
Fundamentals: There are no major news.
CC1! NeutralDepends of the price actions of the coming days:
Scenario 1 (bearish short term):
If the 10 day MA and the Fibo level 78.6% is not going to hold we will see a backtest at the Fibo level 50% which correlate with the bullish wedge trend line.
Scenario 2 (bullish short and middle term):
If the 10 day MA and the Fibo level 78.6% is going to hold we will see a try to break the upper bullish wedge for a new high at the price level 2700.