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COCOA is currently controlled by buyers, in the Bull Bias zone. Measured energy: +32.4%.
See the full 2AiTrading Model data for COCOA on the COCOA overview →
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UP–DOWN statistics for Bull Bias COCOA Daily
▸When COCOA is in Bull Bias:
- then COCOA moved to higher Market State: 110 times — 48%
- then COCOA moved to lower Market State: 119 times — 52%
▸Current COCOA market energy: 32.43%
- Distance to upper bound of Bull Bias (at 60%): 27.57%
- Distance to lower bound of Bull Bias (at 20.88%): 11.55%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the Daily candle, Market Energy of COCOA indicates the Bull Bias state.
Market trend on the 2AiTrading energy system A -13.8% change from the previous candle, Market Energy is now 32.4% (previous: 46.2%).
Time in Bull Bias energy zone: 2 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 -43.4 to +64.8.
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 05-08-2021 closed, COCOA was in Bull Bias with Market Energy 32.4%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 13.8 percentage points from the previous candle — from 46.2% to 32.4%.
What state was COCOA in on the previous Daily candle?
The previous Daily candle had COCOA at 46.2%, Bull Bias — this candle kept the same state, no zone change.
Where does COCOA energy sit within the Bull Bias zone?
At 32.4%, COCOA is 27.57 points from the upper boundary of Bull Bias (60%) and 11.55 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 Bias with energy -26.6%; GER40 (European equities) in Bull Bias with energy 54%. Against this backdrop, COCOA (Bull Bias, 32.4%) has higher energy than SPX500; sits in the same state zone as 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 Bull Extreme with Market Energy 79.1%. COCOA (Bull Bias) and DXY currently sit on the same Bull side.
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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