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Trading Idea - Cocoa, 02-03-2023
Trading Signal: #C-COCOA
| Order | Sell |
| Direction | Bearish |
| Pattern | Trading in range |
| Interval | Daily |
| Length (Candles) | 4 |
Idea Summary
The medium term COCOA price forecast is bearish. The COCOA price is returning below the resistance line after breaching above the upper bound of a trading range. Most likely the price will continue retreating while there is small likelihood it may reverse and start rising and climb above the resistance again.
Note:
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