If sugar is cheaper, but cocoa is more expensive, will the pricUnlike sugar, I am looking for a long position in a weekly bullish engulfing pattern. PEPPERSTONE:COCOA
COCOA is in a downtrend nowCOCOA is in a downtrend now but I see opportunity that could go bull if all the stars are filled. Before taking in a trade, you must have your own confirmation.
COCOA LONG 16/08/24Hello everyone,
We seem to struggle a little to get our higher high back, but an uptrend has been identified as you can see with RSI and the blue semi circle, so everything is going according to plan with a little more time than we thought.
IMPORTANT NOTE : at 15/16/17h tomorrow, there is a very s
COCOA FULL LONG 15/08/24Hello everyone,
Tomorrow is finally our day. Between technicals, news and a low RSI compared to the previous low, every single condition is perfect for COCOA to break the roof.
Trust us, buy when it opens, wait for the end of the day, it will somehow go up, we drew a few routes to try and show you
COCA SHORT 11/08/24Hello everyone,
Hope you got to spend a nice weekend, let's get back to work.
First of all the RSI is getting dangerously high, meaning a very likely fall in the few days.
Further than the technicals, there's concrete evidence among our expertise information supplier that tomorrow is going to be a
COCOACocoa potentially is making EW. So far it have made wave 1 and correction ,now it's potentially on wave 2. Immediate downtrend was broken- retested and price bounced to north. On daily chart price is staying in the symmetrical triangle. I would like to see on 4h.chart price sustained above ema200. C
COCOA SHORT 09/08Hello everyone,
It is now clear that we're in a downtrend, as the RSI always rises back up after each low.
So there are several possible scenarios, but the most logical one would be a sharp fall towards the precedent lower low, as show the green and orange paths.
The red path shows the low probab
COCOA LONG THEN SHORT 08/08Hello everyone,
It seems like we might have reached the end of the uptrend, considering external factors and technicals such as a growing RSI on the high scales indicating a change of direction very soon.
However, it seems that there will be a gap or a downfall at first as usual, then a moderate u
COCOA LONG WEDNESDAY 07/08Hello everyone,
Today is a little bit special because we've incorporated our mistakes and taken some advance by adding more downforce to our patterns.
First of all, we predict a big down gap at the beginning, because of night time factors.
Then, it might keep going down for a while, but it will e
COCOA LONG TUESDAY 06/08It seems that the price could go up to 8500/600 before the closure tomorrow night. The turnover is starting to be clear, showing a high target at least around 8400 before tomorrow night.
Our advice is to buy maximum 1 hour after the opening, there will be a very little drawdown because of the last
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