COCOA CC1!
Updated
I rarely publish these longterm ideas but here i am pointing out the current wave 4 on a weekly chart.
So in the long run we will be short the CC1! but since we are currently in a wave 4 we will be looking for long positions.
For a starter position i placed a long entry @2000, next 1975, @1935 and finally 1900
Soft targets start @2290,@2610 and very distant and unlikely @2800.
Targets 2610 and 2800 would be the area of adding big short positions for the long term trend continuation and commencing of wave 5.
Long term Short Targets start @1300, all the way to @790.
So in the long run we will be short the CC1! but since we are currently in a wave 4 we will be looking for long positions.
For a starter position i placed a long entry @2000, next 1975, @1935 and finally 1900
Soft targets start @2290,@2610 and very distant and unlikely @2800.
Targets 2610 and 2800 would be the area of adding big short positions for the long term trend continuation and commencing of wave 5.
Long term Short Targets start @1300, all the way to @790.
Trade active
Didnt reach to the 2000 flat but we entered @2040 and are currently on the right track upwards. wait and see
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