COCOA LONG TUESDAY 06/08
It seems that the price could go up to 8500/600 before the closure tomorrow night. The turnover is starting to be clear, showing a high target at least around 8400 before tomorrow night.
Our advice is to buy maximum 1 hour after the opening, there will be a very little drawdown because of the last position of the price. But as soon as you see the price turn up, don't hesitate and go long.
Updates will follow if changes occur, thanks for your trust.
Our advice is to buy maximum 1 hour after the opening, there will be a very little drawdown because of the last position of the price. But as soon as you see the price turn up, don't hesitate and go long.
Updates will follow if changes occur, thanks for your trust.
Note
Just to be clear :
- the blue line is the most likely and would be the most logical option
- the yellow line could happen but it's really unsure compared to the blue one
- the orange line is a "security" line showing what could happen if the movement was misinterpreted by our team.
Note
!! New information from our team !!
It seems that around 3PM, the fall could lead to a downtrend, our advice is to sell just before it starts to fall in case it does not stop.
Note
Hello again everyone, here's today's conclusion :
Again even though we managed to predict such a strict rise after 11AM, the first part of the day dragged the whole pattern down as yesterday.
The 200 PTS difference between our forecast and reality is due to an unpredicted volatility in the first hour, which is out next step to work on.
We promise to work as much as we can to ensure more accuracy on our next patterns and we will add more possible routes to answer the many factors implied in the changes of directions.
See you tomorrow for our next forecast.
EDL FINANCE
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.