Title: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
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. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 2542
Pivot: 2422
Support: 2475
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. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are.
Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.