Cocoa: Final Surge 🌊

Nov 30, 2023

Cocoa has now risen more than 26% since the low of the magenta wave (4) and still seems to be dominated by the bulls. We now expect one last surge before the price reaches the high of the magenta wave (5), which shouldn't be too far away, completing the white wave (B). After that, the trend should be down again, starting with the magenta wave (1).