LEONES
Short

Cocoa M top

ICEUSA:CCZ2013   Cocoa
121 1 0
Cocoa             has been moving along the median line for several weeks and has finally formed a M top type of pattern. Today outside day is the further confirmation that a reversal is in place. I will enter at the current market price or if possible higher with a stop loss as indicated in the chart and target on the lower parallel. Risk/reward 2.6.
Opss. Stopped today - cocoa still pushing higher
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