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| Price | ▲ 0.43% | ▼ 1.01% | ▲ 0.82% | ▲ 0.93% |
| Energy | ▲ 8.2 | ▼ 12.5 | ▲ 7.2 | ▲ 41.0 |
Trend of Bull Bias COCOA Daily
▸When COCOA is in Bull Bias:
- then COCOA moved to higher Market State: 111 times — 47.8%
- then COCOA moved to lower Market State: 121 times — 52.2%
▸Current COCOA market energy: 42.67%
- Distance to upper bound of Bull Bias (at 60%): 17.33%
- Distance to lower bound of Bull Bias (at 20.88%): 21.79%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Daily candle closes, COCOA reflects the Bull Bias state.
Looking at the energy level, Market Energy reading rose +41%, moving from 1.6% to 42.7% after the Daily candle.
Time in Bull Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, COCOA Market Energy ranged from -5.6 to +42.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COCOA price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 29-10-2019 closed, COCOA was at 2,488, up 0.93% from the previous candle (2,465). Market Energy was 42.7%, up 41.0 points from 1.6%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COCOA price move on this Daily candle, and how large is that historically?
COCOA closed at 2,488, up 0.93% from the previous Daily candle (2,465). This rise is larger than 41% of past rises on the Daily timeframe for COCOA, across 209 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy rose 41 percentage points from the previous candle — from 1.6% to 42.7%. This rise is larger than 85% of past rises on the Daily timeframe for COCOA.
Do COCOA price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was COCOA in on the previous Daily candle?
The previous Daily candle had COCOA at 1.6%, Neutral — when this candle closed, COCOA moved up to a higher zone: Neutral → Bull Bias.
Where does COCOA energy sit within the Bull Bias zone?
At 42.7%, COCOA is 17.33 points from the upper boundary of Bull Bias (60%) and 21.79 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 43%; GER40 (European equities) in Bull Bias with energy 27.8%. Against this backdrop, COCOA (Bull Bias, 42.7%) sits in the same state zone as SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Neutral with Market Energy 12.6%. COCOA energy is currently above DXY by 30 points.
See the real-time energy chart for COCOA.
Open Energy ChartSee the full 2AiTrading Model data for COCOA on the COCOA overview →
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