Cocoa
Cocoa Futures (CCK2022), H1 Bullish BounceType : Bullish Bounce
Resistance : 2639
Pivot: 2552
Support : 2500
Preferred Case: Price is near pivot level of 2552 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially bounce up to the 1st resistance level of 2639, in line with 78.6% Fibonacci projection, along with a graphical swing high resistance. Our bullish bias is further supported by stochastic indicator where price is near resistance level.
Alternative scenario: Price might continue to drop towards the 1st support level of 2500 in line with 78.6% Fibonacci projection.
Fundamentals: No Major News
Cocoa Futures (CCK2022), H1 Bullish BounceType : Bullish Bounce
Resistance : 2647
Pivot: 2558
Support : 2502
Preferred case: We see the potential for bullish bounce from our Pivot level at 2558 in line 50% Fibonacci retracement towards our 1st resistance level at 2647 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by price trading above the Ichimoku cloud indicator.
Alternative scenario: If price continues to dip towards our 1st support level at 2502 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection.
Fundamentals: No Major News.
Cocoa Futures (CCK2022), H1 Bearish ReversalType : Bearish Reversal
Resistance : 2673
Pivot: 2651
Support : 2605
Preferred case: We see the potential for bearish reversal from our Pivot level at 2651 in line 78.6% Fibonacci retracement and 78.6% Fibonacci projection towards our 1st Support at 2605 in line with 23.6% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator where it is at resistance level.
Alternative scenario: If price continues to go up, it can potentially move towards our 1st Resistance level at 2673 which is in line with 100% Fibonacci projection.
Fundamentals: No Major News.
Cocoa Futures (CCK2022), H4 Bearish DipType : Bearish Dip
Resistance : 2608
Pivot: 2557
Support : 2456
Preferred case: We see the potential for bearish dip from our Pivot level at 2557in line 38.2% Fibonacci retracement towards our 1st Support at 2456 with a swing low support level. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.
Alternative scenario: If price continues to go up, it can potentially move towards our 1st Resistance level at 2608 which is in line with with 61.8% Fibonacci retracement and 61.8% Fibonacci projection.
Fundamentals: No Major News.
USCOCOA LONG - Buy Entry - D1 ChartUSCOCOA LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: USCOCOA
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 2561.42
TP - Resistance @ 2620.59
TP - Resistance @ 2675.76
TP - Resistance @ 2754.21
PP Y1 - Pivot Point Yearly @ 2483.65
Support @ 2446.42
Support @ 2414.51
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Cocoa Futures (CCK2022), H4 Bullish ContinuationType : Bullish Continuation
Resistance : 2708
Pivot: 2523
Support : 2452
Preferred case: We see the potential for bullish continuation from our Pivot level at 2523 in line 23.8% Fibonacci retracement towards our 1st Resistance at 2708 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where price trading near the support level.
Alternative scenario: If price continues to drop, it can potentially move towards our 1st Support level at 2452 which is in line with 61.8% Fibonacci projection .
Fundamentals: No Major News.
Cocoa Futures (CCK2022), H4 Bullish BounceType : Bullish Bounce
Resistance : 2593
Pivot: 2496
Support : 2449
Preferred case: Price is abiding by the ascending trendline. We see the potential for bullish bounce from our Pivot level at 2661 in line 61.8% Fibonacci projection towards our 1st Resistance at 2593 in line with 50% Fibonacci retracement. Our bullish bias is further supported by RSI indicator showing price moving along the ascending trendline.
Alternative scenario: If price continues to drop, it can potentially move towards our 1st Support level at 2449 which is in line with 78.6% Fibonacci projection.
Fundamentals: No Major News.
Looking for a strong move higher in cocoa, in wave (3)I expect that wave (2) ended and cocoa in his way for a new high for wave (3).
Cocoa ShortRough market cycles are derived from significant resistance and support using the sine wave and cycle line tool. In tandem with this, the market cycle based reflex indicator cycle line has crossed trend line, as well as the 8 hour fisher transform being "overbought". I would not place a trade based on any of these indications separately, but collectively I believe it is worth shorting at risk / reward ratio of 1:5 as outlined on the chart.
strong bullish signal on COCOA huge volume to break the long term bearish trend
trade with positive mathematical expectency
COCOA D1: 50% Gains SWING setup BUY/HOLD(NEW)(SL/TP)Why get subbed to me on Tradingview?
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COCOA D1: 50% Gains SWING setup BUY/HOLD(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: COCOA daily chart review
::: chart is LOG SCALE
::: compression into falling wedge
::: strong prior uptrend
::: 50% gains final TP BULLS
::: global inflation driving prices
::: also global warming heavy impact
::: cycle low for the market is near
::: BUY LOW near 1900/2000 USD
::: 12/24 months as global economy
::: is starting the recovery right now
::: BULLISH CYCLE is ON BUY DIPS
::: BUY/HOLD get paid / swing trade setup
::: BUY ANY DIPS / final TP BULLS is 3500 USD
::: 5% upside from current market price
::: WAIT for dips and reload (BULLS)
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: bullish super cycle in coffee market
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 2000/2200 USD fresh demand zone
::: 3500 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS / MORE GAINS
::: Sentiment outlook mid-term: BULLS / SUPER CYCLE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
COCOA WK1: 200% Gains SWING setup BUY/HOLD(NEW)(SL/TP)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
COCOA WK1: 200% Gains SWING setup BUY/HOLD(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: COCOA WK1 chart review
::: chart is LOG SCALE
::: compression into falling wedge
::: strong prior uptrend
::: 200% gains final TP BULLS
::: global inflation driving prices
::: also global warming heavy impact
::: cycle low for the market is near
::: BUY LOW near 1900/2000 USD
::: 12/24 months as global economy
::: is starting the recovery right now
::: BULLISH CYCLE is ON BUY DIPS
::: BUY/HOLD get paid / swing trade setup
::: BUY ANY DIPS / final TPBULLS is 5400 USD
::: 200% upside from current market price
::: WAIT for dips and reload (BULLS)
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: bullish super cycle in coffee market
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 100USD fresh demand zone
::: 300USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS / MORE GAINS
::: Sentiment outlook mid-term: BULLS / SUPER CYCLE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Cocoa futures find support at 2334.00Cocoa previously reversed up from the support level 2334.00 (which has been reversing the price from last November) – standing close to the lower daily Bollinger Band and the major multi-month support level 2315.00. The price earlier reversed up from the same support level 2334.00 creating the daily Piercing Line Japanese candlesticks reversal pattern – highlighted below. With oversold daily Stochastic at 18.6 – further gains are likely.
May London Cocoa on verge of massive breakout Sizable symmetrical triangle is the pattern. The Mar contract has already broken out. The London Softs - Cocoa, Sugar, Coffee - are all in bull trends. $C_F
LONDON Cocoa Future C1! - Short Term AnalysisPrices have been in a squeeze for a very long time ...
The last days of this scramble will be like the middle of June. Prices will probably decide which way to go by this date, Up or down?
In this sense; It is worth watching the 1840-1890 band for prices that are supported by the 50-day exponential average. However, we would expect prices to hold on to 1690 and then 1650 in a repeat selling pressure.
It contains only personal views and opinions. Does not contain legal investment advice ...
COCOA is tapping on the resistance of recent trading rangeNIB (cocoa ETN) is pushing against the top of the trading range. Cocoa has been consolidating for around two month now. Since I am long term bullish on agricultural commodities such as cocoa, if/when the top of the range is taken out, I expect quick run up as most of these commodities tend to have unidirectional run. First target is $32.80 range and next is the yellow down trend line. When and if that trend line is taken, I expect bigger upward move.
Have a good trade everyone,
T.
COCOA possible buyCocoa daily chart forming a bullish hammer pattern, after hit the support at the bottom of the consolidation zone. If the daily hammer pattern confirmed I recommend to open long trade at market price, because i think it can go to February 2020 high price at 2900.
Trade at your own risk.
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