I've previously publish an idea for Cocoa long because of ending diagonal. But it should be clear to an EWer that the down move was a 5-wave structure and thus the long idea was a wave 2 or B idea. Now that we have completed 3-waves up for Cocoa, I think it's time that Cocoa resumes it's down move again. The conservative target is set at the previous support, but I certainly expect it to move way below that target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.