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ChartsEmpire01

COCOA BULL RUN STILL EAGER FOR MORE UPSWING

Long
Cocoa Cash Contract (PEPPERSTONE:COCOA)  
ChartsEmpire01  
PEPPERSTONE:COCOA   Cocoa Cash Contract
Trend Analysis Supply and Demand Wave Analysis
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trendanalysis supplyanddemand waveanalysis
On Wednesday, April 24th, the bullish gap opening price indicated a strong bullish sentiment for #Cocoa. However, the price faced rejection at the 61.8% Fibonacci retracement level, which coincided with the previous week's bar high on April 8th, 2024. A strong bullish close above 12265 by the end of this week would signal the continuation of the bullish trend for #Cocoa.
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