This post is to test a hypothesis we can break bubble moves down into five main stages and with these we can have a reasonable idea where we might be in that move.
Here I've marked up the phases on Cocoa and I'll also show some others that have similar phases.
Broadly understanding the phases of a bubble and crash is not as grandiose a claim as it's made out...
Hello everyone! Hope you are all well!
In PhiCube methodology, we study the relative behavior of fractals separated by a factor of 4.236 (Phi raised to the third power - Phi Cubed = PhiCube).
If we consider a single cande as the smallest technical entity on a chart,, we can begin to derive our fractals:
1 candle x 4.236 = 4 candles (rounded) (the baby)
4...
ICEUS:CCK2024 Uhhh... Cocoa. The most it can rise to is $12,933.
I didn't read the article.
It is showing all signs of exhaustion. Volume is decreasing while the price is going parabolic. The oscillators are showing bearish divergence.
It is close to a pull back, if not out right crash to 8000 area.
In recent months, the price of cocoa has soared to record levels several times, while it has increased by more than 150% since the beginning of the year amid concerns about a reduction in supplies to West Africa.
Today, cocoa prices fluctuate, reaching heights and correcting to lower numbers due to a strengthened dollar. A week ago, cocoa futures priced at ...
- The market has been trading above a bullish trendline since mid-March ; The mid-term trend was then bullish
- More recently, the increased appetite for the US Dollar has started to put pressure on a wide range of commodities, including Cocoa.
Since the impact on 11,212, the control of the market has been taken over by sellers, leading prices back to their first...
After a very large and strong bull momentum, it's time for me to start a short position to look for a pullback of at least 50% Fibonacci level.
Great Trade !
Following an explosive surge that propelled Cocoa ( NYSE:CC ) to the $1000 mark, the price is now encountering resistance around this significant psychological level. Observing this resistance, there's anticipation for a correction towards the area of interest defined by my TP zone.
While a revisit to the $1000 level in the coming days is plausible, it's probable...
The cocoa market is in the mania phase.
Shorted at 10,000 in small size (2%), just one small position in the macro book, can only lose 2% even if it doubles in value from here!
Caveat emptor. Target much lower over coming months.
The bigger the pattern
the bigger the consolidation
the more explosive the move
how about this Chart Porn?
Cup and handle
I expect the log tgt not only to be made but surpassed given yesterdays event's in #baltimore
Yup Massive east coast supply chain disruptions to be expected
Ports jammed
Aviation fuel disruptions
Major economic ripples could transpire...
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What you will hear in this video:
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1-Learning how to trade commodities
2-Trend analysis
3-Support levels
4-Resistance levels
5-Market psychology
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And more...
Watch this video to learn more
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**Disclaimer:**
The information provided above or below is for educational and informational purposes only.
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It does not constitute financial advice, and...
Cocoa has sustained a price escalation of the last 54 weeks marking a growth of 60.88%, after which a sideways range has formed. Cocoa futures reached a trading high of 6676 points, driven by inflation increases and the Federal Reserve's price tightening, which have caused this incredible upward push in the commodity. Most of the major chocolate companies in the...
![CC1!: [CC] Cocoa PullBack Incoming ?](https://s3.tradingview.com/u/usMCOGib_mid.png "[CC] Cocoa PullBack Incoming ?")
![CC1!: [CC] Cocoa bull run is over ?](https://s3.tradingview.com/s/sRwaafJd_mid.png "[CC] Cocoa bull run is over ?")
