COCOAU2024 trade ideas
US Cocoa futures ( CC1!) - Stay long for 5th wave up US Cocoa futures ( CC1!) is in ABC zigzag (or might be impulse), where C wave is in progress and extending the gain. It is in 4th wave correction, which probably ends within the zone of 2375-2425, so go long in that zone after confirming the 4th wave finished,for target of 2525 or higher as 5th wave of C wave.
cocoa gives us a 95% winning signal if we buy nowhello friends here I am again this time with the cocoa market of which my country Côte d'Ivoire is the world's largest producer. As you can see, my analyzes are simple but very effective analyzes; because for me a good graphic analysis is an analysis that even the novice is able to understand. I conclude by saying that the cocoa must be bought by what we have a 95% winning signal if we buy the cocoa now
Cocoa likes to bottom in these areasI found two previous cases when the cocoa bottomed here on 2100. Seasonality would support growth in these times. Both 5y and 15y stacked averages do stay that growing is possible. Cocoa has dropped beyond what is usual and I am betting on this support I found. SL on 2078, TP unspecified. Good luck.
