Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 2699
Pivot: 2570
Support: 2470
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is.
Alternative scenario: Price may break the pivot at 2570, where the 50% Fibonacci line is before heading towards the support level at 2470, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 2699
Pivot: 2570
Support: 2470
Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is.
Alternative scenario: Price may break the pivot at 2570, where the 50% Fibonacci line is before heading towards the support level at 2470, where the 61.8% 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
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.