This is very much in the same boat as Coffee - out of season, increasingly negative fundamentals, etc.. (Now, even cocoa brokers are entertaining each other tall tales, trying to pass the time and in an attempt to reinvigorate the business. Yeah, how could that not work?! ... ;-) A resumption of a U NYSE:D rally, at any point, will put a further lid on this one...
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Are you looking to make a trade out of Easter weekend? Look no further than Cocoa futures, or chocolate. Cocoa is a soft commodity that...
It looks like COCOA is setting up to cool off. I'm not sure if it'll go lower than 20EMA - I consider this a low risk trade. I don't see the market going much higher without small correction first. This is not a trading advice. Trading is risky. Always do your own analysis.
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2838 Pivot: 2660 Support: 2565 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to retest...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2838 Pivot: 2660 Support: 2565 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to retest...
A short opportunity to sell USCOCOA with a head and shoulder pattern, and if it is breached downwards, the market will be negative
Since mid-September CC has started an up-trending channel reaching above 2600. This is usually Put range to me: specs tend to sell at these levels reason being short term it is a peak. I would not be surprised if it would not hold. Would be interesting to see the put/call ratio at this level. On the other hand, much has been said about recession in these last...
Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 2602, where the overlap resistance and 61.8% Fibonacci line is. Stop loss will be at 2675, where the recent high is. Take profit will be at 2507, where the recent low is. Please be advised...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2699 Pivot: 2564 Support: 2451 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2699 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2699 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards...
Target reached with Cocoa at $26.90 7>21>200 MA Still bullish Target 2 due to an even bigger Cup and Handle sets the next price to $30.60 But with peripherals, there are a few reasons for the spike in Cocoa prices. People are buying chocolates! January is typically a busy month for chocolate manufacturers as they gear up for Valentine's Day, which results in...
Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 2606, where the 50% Fibonacci line is. Stop loss will be at 2572, where the 61.8% Fibonacci line and recent low are. Please be advised that the information presented on TradingView is...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2671 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2671 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2671 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards...
Short cocoa trading signal reacting off a strong daily supply zone.
Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. However, I am looking to play the retracement sells. So I am looking for a immediate sell entry at 2617, to ride the bearish momentum for retracement back down to the take profit level at 2570, where the 50% Fibonacci...