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| Price | ▼ 1.81% | ▲ 2.19% | ▲ 0.46% | ▼ 4.06% |
| Energy | ▲ 1.5 | ▲ 80.8 | ▲ 40.0 | ▼ 99.9 |
Trend of Bear Bias COCOA Daily
▸When COCOA is in Bear Bias:
- then COCOA moved to higher Market State: 120 times — 55.3%
- then COCOA moved to lower Market State: 97 times — 44.7%
▸Current COCOA market energy: -53.82%
- Distance to upper bound of Bear Bias (at -20.88%): 32.94%
- Distance to lower bound of Bear Bias (at -60%): 6.18%
"A person's history reveals more than you might think" — 2AITRADING
COCOA classified into the Bear Bias state after the Daily candle completed.
End-of-session energy readings on Daily, Market Energy reading dropped -99.9%, moving from 46.1% to -53.8% after the Daily candle.
Time in Bear 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 -74.7 to +46.1.
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 12-03-2020 closed, COCOA was at 2,518, down 4.06% from the previous candle (2,624.5). Market Energy was -53.8%, down 99.9 points from 46.1%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did COCOA price move on this Daily candle, and how large is that historically?
COCOA closed at 2,518, down 4.06% from the previous Daily candle (2,624.5). This drop is larger than 99% of past drops on the Daily timeframe for COCOA, across 301 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 99.9 percentage points from the previous candle — from 46.1% to -53.8%. This is the largest of all drops on the Daily timeframe for COCOA on record since 2019.
Do COCOA price and energy agree?
Yes. Both price and energy moved down on this candle. 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 46.1%, Bull Bias — when this candle closed, COCOA moved down to a lower zone: Bull Bias → Bear Bias.
Where does COCOA energy sit within the Bear Bias zone?
At -53.8%, COCOA is 32.94 points from the upper boundary of Bear Bias (-20.88%) and 6.18 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bear Bias with energy -39.9%; GER40 (European equities) in Bear Critical with energy -63.3%. Against this backdrop, COCOA (Bear Bias, -53.8%) has higher energy than GER40; sits in the same state zone as SPX500.
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 Bull Extreme with Market Energy 75.7%. COCOA (Bear Bias) and DXY currently sit on opposite sides.
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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