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
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
Trade attivo
Short and chill
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.