Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to head towards the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to head towards the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.