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| Price | ▲ 0.17% | ▼ 2.02% | ▲ 1.23% | ▲ 2.59% |
| Energy | ▲ 0.7 | ▼ 9.1 | ▲ 11.5 | ▲ 106.1 |
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: 27.39%
- Distance to upper bound of Bull Bias (at 60%): 32.61%
- Distance to lower bound of Bull Bias (at 20.88%): 6.51%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
The system just recorded COCOA in the energy level leaning Bull after the Daily candle closed.
Observing the COCOA market this session, Market Energy moved from -78.7% to 27.4%, up +106.1% from the previous 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 -90.3 to +27.4.
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 19-10-2020 closed, COCOA was at 2,439, up 2.59% from the previous candle (2,377.5). Market Energy was 27.4%, up 106.1 points from -78.7%, 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 2,439, up 2.59% from the previous Daily candle (2,377.5). This rise is larger than 89% of past rises on the Daily timeframe for COCOA, across 451 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy rose 106.1 percentage points from the previous candle — from -78.7% to 27.4%. This rise is larger than 98% 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 the candle that just closed; it does not say where price goes next.
What state was COCOA in on the previous Daily candle?
The previous Daily candle had COCOA at -78.7%, Bear Extreme — when this candle closed, COCOA moved up to a higher zone: Bear Extreme → Bull Bias.
Where does COCOA energy sit within the Bull Bias zone?
At 27.4%, COCOA is 32.61 points from the upper boundary of Bull Bias (60%) and 6.51 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bear Critical with energy -71.8%; GER40 (European equities) in Bull Critical with energy 66.5%. Against this backdrop, COCOA (Bull Bias, 27.4%) has higher energy than SPX500; lower than 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 Bear Bias with Market Energy -25.1%. COCOA (Bull 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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