Breakout from 2.34, but does it have the legs to go past 2.49? Looks like a bottom is in place but will the trend reverse now or much later?
I rarely publish these longterm ideas but here i am pointing out the current wave 4 on a weekly chart. So in the long run we will be short the CC1! but since we are currently in a wave 4 we will be looking for long positions. For a starter position i placed a long entry @2000, next @1975, @1935 and finally @1900 Soft targets start @2290,@2610 and very distant...
CACAO beautiful candle in the last session which confirms the departure of the short term periodo long The medium long term period long, could start in the next session, target 2080 XiNiaN 4 - Trading System - V. 2.9.1 - Medium / Long Term Period - (Time Frame: 1 H) COCOA CCZ17 - Dec '17 1947.00 FLAT since 29.08.2017 at 1970.80 LONG Above 1971.81 Stop...
CACAO beautiful candle in the last session which confirms the departure of the short term periodo long The medium long term period long, could start in the next session, target 2080 XiNiaN 4 - Trading System - V. 2.9.1 - Medium / Long Term Period - (Time Frame: 1 H) COCOA CCZ17 - Dec '17 1947.00 FLAT since 29.08.2017 at 1970.80 LONG Above 1971.81 Stop...
It is worth taking a look at cocoa. The price is approaching an important support at 1800. In addition, the CoT Report indicates rising prices. You will learn more about these and other analyzes in our premium service .
COCOA, target at 2067 reached In the next sessions I expect a drop in prices but they should not come under the pivot in the zone 1999 COCOA CCU17 - Sep '17 CROC X1 - Supports / Resistances R3 = 2105 R2 = 2085.00 R1 = 2067.00 PIVOT = 1999,00 S1 = 1931.00 S2 = 1896.00 S3 = 1891.00 CROC X3 - Last Signal (Long Term - TF 1D) SHORT from 2,108,000 Since 06/10/16
Cocoa, mid-long-term LONG started, first target at 2067, then retraction to 2000 and continuation beyond 2100 The signal is canceled with an hourly closing under 1951.49 COCOA CCU17 - Sep '17 LONG from 21/07/2017 from 1952,00 Flat Under 1951.49 COCOA CCU17 - Sep '17 CROC X1 - Supports / Resistances R3 = 2105 R2 = 2085.00 R1 = 2067.00 PIVOT = 1999,00 S1 =...
Next week it will try to break through the multiday bearish channel. The trend stills too precarious to take position, both in one sense and in the other. We stay on hold and enter long in case of breakage of zone 1953 COCOA CCU17 - Sep '17 FLAT from 14/07/2017 from 1896.29 LONG Above 1952.46 Stop LONG that close daily <1963.40 SHORT Under 1908.70 Stop SHORT...
Next week it will try to break through the multiday bearish channel. The trend stills too precarious to take position, both in one sense and in the other. We stay on hold and enter long in case of breakage of zone 1953 COCOA CCU17 - Sep '17 FLAT from 14/07/2017 from 1896.29 LONG Above 1952.46 Stop LONG that close daily <1963.40 SHORT Under 1908.70 Stop...
Similar to oil, the price of cocoa 3.18% is due for a recovery in terms of gold. Long term trajectory is likely downward once price hits my red region level.
Cocoa has taken a beating recently. It looks like we are starting to see people jumping in to catch the knife. Im stalking my prey like a lion, waiting for the time to strike. Maybe next 2 weeks.
• Entry after breach of trading range between 159.11 and 169.54 • Double bottom formation. • Price rebound from 4-year lows