The market rally from 03 April 2017 to date is showing corrective properties taking a form of an ABC. The side ways move from 02 April 2018 to date has lasted 53 monthly bars taking the form of a contracting triangle. The market has tested the $2279.6 to $2186.9 price range three times Nov,2020, Jul 2021 and Sep 2022 giving clear indication of a strong support...
Price turned down in accordance with Fast annual cycle and fixed cycle projection lines. For details, write a private message to get a reference to deep cycle analysis. Current decline is going to proceed till the end of Oct.
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There are not many ways possible to go! Cocoa will go long.
It reached very strong resistance TP1 - 2700 TP2 - 2600
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