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| Price | ▼ 1.33% | ▲ 5.92% | ▼ 0.21% | ▲ 0.50% |
| Energy | ▲ 7.6 | ▲ 92.8 | ▲ 32.9 | ▼ 5.8 |
Trend of Bull Bias COCOA 1H
▸When COCOA is in Bull Bias:
- then COCOA moved to higher Market State: 736 times — 44.8%
- then COCOA moved to lower Market State: 907 times — 55.2%
▸Current COCOA market energy: 48.09%
- Distance to upper bound of Bull Bias (at 60%): 11.91%
- Distance to lower bound of Bull Bias (at 20.88%): 27.21%
"Does history really repeat itself?" — 2AITRADING
Observing the completed 1H candle, COCOA reflects the energy zone leaning Bull.
On the measurement side, Energy delta -5.8%: Market Energy at 48.1%, previously 53.9%.
Time in Bull Bias energy zone: 3 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 +77.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COCOA price and energy show when this 1H candle closed?
When the 1H candle at 21:00 on 02-05-2024 closed, COCOA was at 7,969.6, up 0.5% from the previous candle (7,929.6). Market Energy was 48.1%, down 5.8 points from 53.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COCOA price move on this 1H candle, and how large is that historically?
COCOA closed at 7,969.6, up 0.5% from the previous 1H candle (7,929.6). This rise is larger than 75% of past rises on the 1H timeframe for COCOA, across 13,155 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 5.8 percentage points from the previous candle — from 53.9% to 48.1%. This drop is larger than 34% of past drops on the 1H timeframe for COCOA.
Do COCOA price and energy agree?
No. On this candle price rose but energy fell — the two moved in opposite directions. This describes a closed candle, not a forecast of where price goes next.
What state was COCOA in on the previous 1H candle?
The previous 1H candle had COCOA at 53.9%, Bull Bias — this candle kept the same state, no zone change.
Where does COCOA energy sit within the Bull Bias zone?
At 48.1%, COCOA is 11.91 points from the upper boundary of Bull Bias (60%) and 27.21 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 -46.2%; GER40 (European equities) in Bear Bias with energy -49.2%. Against this backdrop, COCOA (Bull Bias, 48.1%) 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 Neutral with Market Energy -17.3%. COCOA energy is currently above DXY by 65.4 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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