Cocoa July trend-line break after 61.8% Fib retracement

22 apr 2015

Market tested 61.8 Fib on the retracement. Now below 55 day. Test of gap and trendline possible.Possible short b/w 2820-2840 upon price action confirmation. Follow through selling below the 4/20 low also a good trigger for a short. As always use proper money management stops to limit risk.