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COCOA is currently controlled by sellers, in the Bear Bias zone. Measured energy: -23.0%.
See the full 2AiTrading Model data for COCOA on the COCOA overview →
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UP–DOWN statistics for Bear Bias COCOA Daily
▸When COCOA is in Bear Bias:
- then COCOA moved to higher Market State: 118 times — 55.4%
- then COCOA moved to lower Market State: 95 times — 44.6%
▸Current COCOA market energy: -23.04%
- Distance to upper bound of Bear Bias (at -20.88%): 2.16%
- Distance to lower bound of Bear Bias (at -60%): 36.96%
"To truly understand anything, study its history" — 2AITRADING
With the Daily candle just closed, COCOA noted at the energy state leaning Bear.
Per the 2AI model, Market Energy dropped -110% this candle, currently -23% (previous candle 87%).
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 -23 to +87.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was COCOA on Daily when this candle closed?
When the Daily candle at 07:00 on 11-02-2021 closed, COCOA was in Bear Bias with Market Energy -23%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 110 percentage points from the previous candle — from 87% to -23%.
What state was COCOA in on the previous Daily candle?
The previous Daily candle had COCOA at 87%, Bull Extreme — when this candle closed, COCOA moved down to a lower zone: Bull Extreme → Bear Bias.
Where does COCOA energy sit within the Bear Bias zone?
At -23%, COCOA is 2.16 points from the upper boundary of Bear Bias (-20.88%) and 36.96 points from the lower boundary (-60%) — so energy sits closer to the upper 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 -29.5%; GER40 (European equities) in Bear Bias with energy -26.7%. Against this backdrop, COCOA (Bear Bias, -23%) 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 7.4%. COCOA energy is currently below DXY by 30.4 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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