Cocoa trend reversal1. Broken support trendline 2. RSI divergence 3. MACD divergence 4. Fib 61.8 rejection 5. Shooting Star 4H 6. Bearish Engulfing 7. Dark cloud cover Shortby Lorjan5003
Possible Bull Trap Completion in Cocoa. Follow up to: The drop came in 5 waves and this may be the end of an ABC correction. We're into the 76 which is the classic bull trap level. This is the next good spot for a short attempt. Shortby holeyprofit4
Cocoa Short Had an eye on this one for a while and there've been a few points I thought we might be making a high in this but so far taken no action on it (Which has proven wise). Now we have a strong confluence of sell signals, though. We have the potential AB=CD topping patterns and this comes in at the 1.6Shortby holeyprofitUpdated 101013
COCOA- Multi-year Long setupCOCOA has been in a consolidation pattern for multiple years now. Testing lower side of the pattern and upper side, now it's in a very confined range and the upper/lower resistance/support line are coming to agreement. It is trading above resistance now and this would make an ideal long-entry when bLongby TheTrexUpdated 5520
COCOA BULL RUN STILL EAGER FOR MORE UPSWINGOn Wednesday, April 24th, the bullish gap opening price indicated a strong bullish sentiment for #Cocoa. However, the price faced rejection at the 61.8% Fibonacci retracement level, which coincided with the previous week's bar high on April 8th, 2024. A strong bullish close above 12265 by the end ofLongby ChartsEmpire012
COCOA INTRA-DAY CHART OUTLOOKScalpers and Day traders should pay attention to the potential bullish trap setup on #COCOA 4HR chart. IMO: A strong daily bar close down would suggest more possible bearish retracement to the lower band of the rising channel.Shortby ChartsEmpire01Updated 4
Cocoa breakoutfirst buy signal is break out with high volume on 15 min chart. and my indicator shows positive wayLongby ozgurbozkaya440
COCOA about to crashNot much of a technical analysis as we can see but there is not much we can do about it. The chart is just parabolic due to the high amount of big companies hedging against the worse-than-expected harvest. The fundamental analysis could not be much of a help either because nothing can resonate with Shortby Elite_Forex559
Do you like chocolate? Buy here.If you are interested to trade COCOA, which was in ATH few days ago, I´m suggesting to wait 5325 looks like a good entry level. BUT, please don´t use entry line as a trigger. Use REACTION on that line as a trigger. What does it mean? Price is going to fall there, most likely even below. When you seeLongby Rendon1225