COCOA LONG THEN SHORT 08/08
Hello everyone,
It seems like we might have reached the end of the uptrend, considering external factors and technicals such as a growing RSI on the high scales indicating a change of direction very soon.
However, it seems that there will be a gap or a downfall at first as usual, then a moderate uptrend which will start to collapse around 16/17h, when the liquidity it at its prime.
We advise you to not open any position past this time because the end of a trend with Cocoa can get very ugly things.
Hope to help you tomorrow with this, may the Lord be with us.
It seems like we might have reached the end of the uptrend, considering external factors and technicals such as a growing RSI on the high scales indicating a change of direction very soon.
However, it seems that there will be a gap or a downfall at first as usual, then a moderate uptrend which will start to collapse around 16/17h, when the liquidity it at its prime.
We advise you to not open any position past this time because the end of a trend with Cocoa can get very ugly things.
Hope to help you tomorrow with this, may the Lord be with us.
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