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COCOA SHORT
Cocoa started a correction on Wednesday, after going parabolic.
It is doing an ABCD pattern, with "C" giving us a point for defining a bearish trendline.
The target is "D", 11,147.
A solid close 4H above the trendline, would invalidate this trade idea.
It is doing an ABCD pattern, with "C" giving us a point for defining a bearish trendline.
The target is "D", 11,147.
A solid close 4H above the trendline, would invalidate this trade idea.
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