Cocoa Bull Run over?

5월 30일

There’s something brewing in the charts here, and it’s not a hot cup of cocoa. We had a clear rejection at the 0.382 Fibonacci and potentially the start of a C leg in a corrective pattern.

This is lower high after the bull flag breakout pattern. If we lose support here we could break the neckline and confirm the head and shoulders pattern, which is very bearish.

There’s a lot of moving parts to consider here. If you follow my trades you will know I already anticipated this as I am long a stock that behaves in an inverse manner to cocoa.

Not financial advice, do what’s best for you

6월 20일

액티브 트레이드

Short and chill

7월 17일

거래청산: 타겟 닿음

7648 - 50% of my short closed at a healthy profit. I am using a trailing stop loss for the remainder of my position.