Title: Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 2500
Pivot: 2422
Support: 2275
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci line is.
Alternative scenario: Price may go back up and retest the resistance at 2500, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 2500
Pivot: 2422
Support: 2275
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci line is.
Alternative scenario: Price may go back up and retest the resistance at 2500, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.