Cocoa Short

13 thg 11, 2021Rough market cycles are derived from significant resistance and support using the sine wave and cycle line tool. In tandem with this, the market cycle based reflex indicator cycle line has crossed trend line, as well as the 8 hour fisher transform being "overbought". I would not place a trade based on any of these indications separately, but collectively I believe it is worth shorting at risk / reward ratio of 1:5 as outlined on the chart.

16 thg 11, 2021

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No position taken. Still considering a short at the same risk to reward ratio, but awaiting further indications of potential price action.