LEONES
Short

Cocoa 3400 resistance

ICEUSA:CC1!   Cocoa
85 22 3
Cocoa             ( CC             ) didn't manage to cross the 3400 resistance. Heading lower towards the trendline .
Hi Leones. Read what another trader has put up about cocoa. We might still get that retracement if it plays out
Cocoa : Trend May Be Facing A Correction
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hi, that is a possibility, I don't really count all the possible waves, too hard and no time! I wouldlike to see a consolidation below the upper parallel , that would be perfect but we are below your 3045 and we will move probably, I dont see that correction happening. Diffucult to resist...but I'll wait and enter only if i see a tight consolidation
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Olu LEONES
I too only use EW on a basic level. however his count of the wave down makes sense. We must be prepared for anything in these markets
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ok let's see if he is right, seems just moving lower now, if we retrace would be great
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Olu LEONES
look again it appears its going up now. We have been as low as 3020 on my screen. Now it just spiked up to 3045
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lets see, do you have multi screen in you pharmacy? need to come to see you. Pharma-trade! :)
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Olu LEONES
Lol
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could be right looking at coffee and cotton
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Olu LEONES
They are moving up nicely cocoa has bullish divergence as well on the hourly chart
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Hi Leones we might have missed our entry point. Price rallied hard before selling off. Didnt quite make it to the 3170 though
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