COCOA (BCC)
Updated
• Entry after breach of trading range between 159.11 and 169.54
• Double bottom formation.
• Price rebound from 4-year lows
• Double bottom formation.
• Price rebound from 4-year lows
Order cancelled
- Cocoa hit major resistance line and bounced down, the long on cocoa is now unlikely. The bottom wick of the latest candlestick hit exactly the 61.8 retracement. Will keep an eye on a possible Gartley pattern to form.
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