US Cocoa (CC)Mis à jour Bullish & Bearish cases for Cocoa
The GOAT thinks a confirmation above the drawn resistance line (a bit above the double-top) will send the cocoa to 15k (well at least I have an excuse not to buy any chocolate for my boys).
A Rejection at that level will send us down, possibly an M top kind of move.
RSI was in negative divergence territory but now shows a possible breakout... this makes things a bit biased toward the bull case
I personally am too afraid to go long at this level.
I have a sell stop order at around 11k... I rather wait and see how this plays out around that hypothetical resistance line.
A Rejection at that level will send us down, possibly an M top kind of move.
RSI was in negative divergence territory but now shows a possible breakout... this makes things a bit biased toward the bull case
I personally am too afraid to go long at this level.
I have a sell stop order at around 11k... I rather wait and see how this plays out around that hypothetical resistance line.
Note
The move above the resistance line was a fake and negated. I still have sell stop order at 11k. I hope it gets triggered soon :)Trade fermée: cible de profit atteinte
I got my sell stop at 11k triggered and now I am out with a decent gain at 9k :D 
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I am the defender of the retail against the wolves of the wall street
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.