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COCOA is currently controlled by buyers, in the Bull Bias zone. Measured energy: +38.7%.
See the full 2AiTrading Model data for COCOA on the COCOA overview →
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UP–DOWN statistics for Bull Bias COCOA 1H
▸When COCOA is in Bull Bias:
- then COCOA moved to higher Market State: 726 times — 44.9%
- then COCOA moved to lower Market State: 891 times — 55.1%
▸Current COCOA market energy: 38.74%
- Distance to upper bound of Bull Bias (at 60%): 21.26%
- Distance to lower bound of Bull Bias (at 20.88%): 17.86%
"History always repeats itself, one way or another" — 2AITRADING
As the 1H candle completes, COCOA shows trend energy leaning Bull.
Per the 2AiTrading energy measurement system, Market Energy dropped -1.3% from the previous candle, from 40.1% to 38.7%.
Time in Bull Bias energy zone: 2 1H 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 -100 to +85.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was COCOA on 1H when this candle closed?
When the 1H candle at 20:00 on 21-07-2021 closed, COCOA was in Bull Bias with Market Energy 38.7%, 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 1.3 percentage points from the previous candle — from 40.1% to 38.7%.
What state was COCOA in on the previous 1H candle?
The previous 1H candle had COCOA at 40.1%, Bull Bias — this candle kept the same state, no zone change.
Where does COCOA energy sit within the Bull Bias zone?
At 38.7%, COCOA is 21.26 points from the upper boundary of Bull Bias (60%) and 17.86 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 Bull Extreme with energy 83.8%; GER40 (European equities) in Bull Extreme with energy 91.1%. Against this backdrop, COCOA (Bull Bias, 38.7%) lower 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 Bear Extreme with Market Energy -84.3%. 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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