To the moon..... Long..... moon........ Up we go................
Long if price at fibo 50-61.8 ( 2570 - 2600 ) Stoploss: 2505 Take profit: 2675
Cocoa is still going down very strongly and we can see it at the bottom points.
Our arrow is close to testing a very strong point of support and it can be seen to have a very strong bounce.
I expect that wave (2) ended and cocoa in his way for a new high for wave (3).
today will be the start for a downward tendency because the big volume of buyers on Saturday is just a confirmation that there will be the start of the downward tendency so I think after the trading range in the last week and the start of the bullish tendency but I think it's a bull trap and the market was searching for pawns so I think today or tomorrow will be...
Cocoa continues to rise as it has penetrated an area of very strong reflections and God willing to continue to rise.
This market is showing a sellers momentum of sellers so sell in average
Cocoa came up as hard as we solved, and now he's facing very strong resistance.
Cocoa should go up. its in a ascending canal just reacted to support zone.
Cocoa keeps going at the inn, every gap is lost and re-tested, and there's a high probability that it will continue to come down.
Global uptrend with a bullish diamond on the support (with a bullish harami pattern inside the diamond) => STRONGLY BULLISH But wait for the confirmation of the bullish diamond and the break up of the 100-period moving average. Pay attention to the bearish divergence on the Relative Strength Index (RSI)
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Rough market cycles are derived from significant resistance and support using the sine wave and cycle line tool. In tandem with this, the market cycle based reflex indicator cycle line has crossed trend line, as well as the 8 hour fisher transform being "overbought". I would not place a trade based on any of these indications separately, but collectively I believe...
Its Great Wait For do Action on resistant its safer than Gold for trend trading
Seasonally Cocoa is bearish leading in to October. It has taken the Sep High and look like MMSM to take the Sep Low and fill the Fair Value Gap (FVG)
Please let me know if you have a simply strategy to short. All major downmoves (on S&P 500, crude oil, gold or cocoa) had this pattern in the past: market trade below 18 moving averag then rally to prior week 50% then major downmove. But how to avoid entering a systematic trade when market is already at the bottom? well i dont trade short if there is a blue...
I think it’s time to sell because we already had a bearish trend , now we have a pullback