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| Price | ▼ 8.53% | ▼ 25.87% | ▲ 9.90% | ▼ 18.32% |
| Energy | ▼ 9.2 | ▼ 131.6 | ▲ 7.9 | ▼ 19.0 |
Trend of Bear Bias COCOA Weekly
▸When COCOA is in Bear Bias:
- then COCOA moved to higher Market State: 29 times — 55.8%
- then COCOA moved to lower Market State: 23 times — 44.2%
▸Current COCOA market energy: -53.83%
- Distance to upper bound of Bear Bias (at -20.88%): 32.95%
- Distance to lower bound of Bear Bias (at -60%): 6.17%
"To truly understand anything, study its history" — 2AITRADING
As the Weekly candle completes, Market Energy of COCOA indicates the Bear Bias level.
Market energy measurement Market Energy reading dropped -19%, moving from -34.9% to -53.8% after the Weekly candle.
Time in Bear Bias energy zone: 3 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COCOA price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 13-05-2024 closed, COCOA was at 7,098.8, down 18.32% from the previous candle (8,691.4). Market Energy was -53.8%, down 19.0 points from -34.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did COCOA price move on this Weekly candle, and how large is that historically?
COCOA closed at 7,098.8, down 18.32% from the previous Weekly candle (8,691.4). This drop is larger than 99% of past drops on the Weekly timeframe for COCOA, across 316 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 19 percentage points from the previous candle — from -34.9% to -53.8%. This drop is larger than 70% of past drops on the Weekly 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 a closed candle, not a forecast of where price goes next.
What state was COCOA in on the previous Weekly candle?
The previous Weekly candle had COCOA at -34.9%, Bear Bias — this candle kept the same state, no zone change.
Where does COCOA energy sit within the Bear Bias zone?
At -53.8%, COCOA is 32.95 points from the upper boundary of Bear Bias (-20.88%) and 6.17 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Neutral with energy -1.4%; GER40 (European equities) in Bull Bias with energy 43.9%. Against this backdrop, COCOA (Bear Bias, -53.8%) 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 Bull Bias with Market Energy 32.5%. COCOA (Bear 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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