03/10/2022
Cocoa
After declining and breaking the bottom 2313, the commodity has become on the rise during the upcoming period, and we expect the completion of the ((E)) leg at 2193 levels, the end and the beginning of the rise, and the end of the triangle
03/10/2022
cocoa
After declining and breaking the bottom 2313, the commodity has become on the rise during the upcoming period, and we expect the completion of the ((E)) leg at 2193 levels, the end and the beginning of the rise, and the end of the triangle
03/09/2022
Cocoa is now witnessing an ascending impulsive wave c after ending the triangle wave b at 2236 to complete the zigzag wave (d) of the triangle wave (IV).
We expect a thurst higher in wave c of (d), a key level at 2092, the moving lower than this key level will let cocoa break the critical support at 1756 and then the triangle will be bigger and cocoa will be in wave (c).
From wave ((III)) high, we expect cocoa to form a triangle in wave ((IV)).