·
| Price | ▼ 0.76% | ▲ 5.03% | ▼ 0.18% | ▼ 7.29% |
| Energy | ▼ 2.3 | ▲ 15.1 | ▼ 2.4 | ▼ 95.9 |
Trend of Neutral COCOA Daily
▸When COCOA is in Neutral:
- then COCOA moved to higher Market State: 115 times — 51.6%
- then COCOA moved to lower Market State: 108 times — 48.4%
▸Current COCOA market energy: -14.89%
- Distance to upper bound of Neutral (at 20.88%): 35.77%
- Distance to lower bound of Neutral (at -20.88%): 5.99%
"History always repeats itself, one way or another" — 2AITRADING
COCOA classified into the neutral energy zone after the Daily candle completed.
Market movement after the Daily candle closes, Market trend energy recorded a -95.9% drop from the previous candle, from 81% to -14.9%.
Time in Neutral 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 -14.9 to +83.3.
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 16-04-2024 closed, COCOA was at 9,736, down 7.29% from the previous candle (10,501.2). Market Energy was -14.9%, down 95.9 points from 81%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did COCOA price move on this Daily candle, and how large is that historically?
COCOA closed at 9,736, down 7.29% from the previous Daily candle (10,501.2). This is the largest of all drops on the Daily timeframe for COCOA on record since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 95.9 percentage points from the previous candle — from 81% to -14.9%. This drop is larger than 98% 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 81%, Bull Extreme — when this candle closed, COCOA moved down to a lower zone: Bull Extreme → Neutral.
Where does COCOA energy sit within the Neutral zone?
At -14.9%, COCOA is 35.77 points from the upper boundary of Neutral (20.88%) and 5.99 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Extreme with energy -83%; GER40 (European equities) in Bear Extreme with energy -91.2%. Against this backdrop, COCOA (Neutral, -14.9%) 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 Critical with Market Energy 66.5%. COCOA energy is currently below DXY by 81.4 points.
See the real-time energy chart for COCOA.
Open Energy ChartSee the full 2AiTrading Model data for COCOA on the COCOA overview →
To jump to a symbol you're interested in, click .