ICE COCOA:Sideways trading before resuming its downward move

Discussion in 'Commodity Futures' started by BORAMOR, Feb 5, 2021.

  1. BORAMOR

    BORAMOR

    COCOA MAY21 ET.jpg
     
  2. BORAMOR

    BORAMOR

    Maintain the same outlook.

    cocoa may21 2.jpg
     
  3. Overnight

    Overnight

    I don't know your candlesticks, but damn if that last bar you posted does not look like a bull bar. Because it sure does. And the decreasing wedge with the quad+ bottom? Screams of going higher, in "classical TA analysis".