Cocoa potentially is making EW. So far it have made wave 1 and correction ,now it's potentially on wave 2. Immediate downtrend was broken- retested and price bounced to north. On daily chart price is staying in the symmetrical triangle. I would like to see on 4h.chart price sustained above ema200. Cocoa is driven mainly on fundamentals, so price jumps could be very sharp to either way.
Trade closed manually
Closed my cocoa trade, will observe from here
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.
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.