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| Price | ▲ 3.07% | ▲ 1.13% | ▲ 0.02% | ▼ 0.75% |
| Energy | ▲ 28.4 | ▲ 0.3 | ▼ 2.2 | ▼ 12.5 |
Trend of Bull Extreme COCOA Daily
▸When COCOA is in Bull Extreme:
- then COCOA moved to higher Market State: 0 times — 0%
- then COCOA moved to lower Market State: 141 times — 100%
▸Current COCOA market energy: 85.29%
- Distance to peak 100%: 14.71%
- Distance to lower bound of Bull Extreme (at 74.5%): 10.79%
"History always repeats itself, one way or another" — 2AITRADING
With the Daily candle just closed, COCOA recorded in the upper-boundary Bull energy state - Bull Extreme.
Market trend update: Market Energy dropped -12.5% this candle, currently 85.3% (previous candle 97.8%).
Time in Bull Extreme energy zone: 4 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 +71.3 to +100.
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 01-09-2023 closed, COCOA was at 3,614.1, down 0.75% from the previous candle (3,641.5). Market Energy was 85.3%, down 12.5 points from 97.8%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did COCOA price move on this Daily candle, and how large is that historically?
COCOA closed at 3,614.1, down 0.75% from the previous Daily candle (3,641.5). This drop is larger than 38% of past drops on the Daily timeframe for COCOA, across 1,168 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 12.5 percentage points from the previous candle — from 97.8% to 85.3%. This drop is larger than 48% of past drops on the Daily timeframe for COCOA.
Do COCOA price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 97.8%, Bull Extreme — this candle kept the same state, no zone change.
Where does COCOA energy sit within the Bull Extreme zone?
At 85.3%, COCOA is 14.71 points from the upper boundary of Bull Extreme (100%) and 10.79 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 -49.2%; GER40 (European equities) in Neutral with energy -0.8%. Against this backdrop, COCOA (Bull Extreme, 85.3%) has higher energy than 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 Bull Bias with Market Energy 50.3%. COCOA (Bull Extreme) 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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