Cocoa: Final Surge 🌊
Cocoa has now risen more than 26% since the low of the magenta wave (4) and still seems to be dominated by the bulls. We now expect one last surge before the price reaches the high of the magenta wave (5), which shouldn't be too far away, completing the white wave (B). After that, the trend should be down again, starting with the magenta wave (1).
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.