Price not able to maintain support, now retesting 16550-16750 as primary support. Deeper target would be width of the large wedge but it's very plausible to make a higher low at later range and continue upwards.
Good support at 15900-16150 and deep support at 14750-15300.
Prior moves have always retested lows before another rally which is exactly what could be current situation and if not act accordingly. All is in the chart, expect major movement in October - November and now mostly sideways and bearish.
Price has fallen to 11.4 retracement of the EMAID pair and RSI/MACD show signs of slowing downward momentum. Only a proper confirmation above the resistance lines would confirm an upwards movement back to 0.20-0.27 cents
The russian rouble can only go up after completing the consolidation structure! Europe will head into winter now in upcoming months, wonder what that will do to soldiers on the battlefield and general situation.
COCOA as many other agriculture products are rising in value due to failed farming yields or public supply chain disruptions. Reward Risk setup is given and important key features like support, resistance, trendlines.
An updated version of the last Wyckoff chart.
I’ve been looking at the bigger time frame where I noticed a strong shake-out when the price fell to the ATL or just above it. Some new entity was lucky and got his bags filled while price returned up again.
I consider this event ‘the spring’, where a big holder got shaken out (either by choice or accident, read...