Cocoa Short Had an eye on this one for a while and there've been a few points I thought we might be making a high in this but so far taken no action on it (Which has proven wise).
Now we have a strong confluence of sell signals, though. We have the potential AB=CD topping patterns and this comes in at the 1.61 head fake level.
See strategy info here:
1.61 head fake is an optimal spot to short what may be the end of a parabolic trend. It's not a sure fire signal (By any means) but it allows for the defining of a small zone in which to make high RR bets.
Taking a short in this area now.