Analysis

COCOA 5,633.3 ↓0.9%: Bears have the edge · D Oct 23, 2026

·
Candle open
Price and energy
Open 5,696.65 · High 5,761.15 · Low 5,594.65 · Close 5,633.3 · Range (high − low) 166.5
COCOA closed at 5,633.3, down 51.35 (-0.90%) from 5,684.65.
Bull–Bear energy behind the price: the market moved from the Neutral zone at -12.6% to Bear Bias at -43.5%, down 30.9 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price5,8855,916.55,684.75,633.3
Energy-2.3%21.3%-12.6%-43.5%
Price change↑ 2.15%↑ 0.53%↓ 3.92%↓ 0.90%
Energy change↑ 29.5↑ 23.6↓ 34.0↓ 30.9
Volatility trend chart · last 4 sessions
↑ 2.15%↑ 0.53%↓ 3.92%↓ 0.90%↑ 29.5↑ 23.6↓ 34.0↓ 30.9
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.90% — higher than 39% of past drops
0%255075100%
Energy down 30.9 pts — higher than 78% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bear Bias COCOA Daily

Sample: 2,652 Daily candles from 2013-01-03 to 2026-10-23
Number of Bear Bias occurrences: 218 times

▸When COCOA is in Bear Bias:

  • then COCOA moved to higher Market State: 121 times — 55.5%
  • then COCOA moved to lower Market State: 97 times — 44.5%

▸Current COCOA market energy: -43.53%

  • Distance to upper bound of Bear Bias (at -20.88%): 22.65%
  • Distance to lower bound of Bear Bias (at -60%): 16.47%

"A person's history reveals more than you might think" — 2AITRADING

COCOA · D1 · 2026-10-23 00:00 UTC
Preview the last 30 candles — price and energy
View live COCOA chart →
Market Energy
-12.6%
Neutral
-43.5%
Bear Bias
Expected at
07:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Right as the Daily candle closes, COCOA shows the energy level leaning Bear.

Meanwhile, A -30.9% change from the previous candle, Market Energy is now -43.5% (previous: -12.6%).

Time in Bear Bias energy zone: 1 Daily Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, COCOA Market Energy ranged from -43.5 to 21.3.

Frequently asked questions

What did COCOA price and energy show when this Daily candle closed?

When the Daily candle closed at 07:00 on 23-10-2026, COCOA was at 5,633.3, down 0.9% from the previous candle (5,684.65). Market Energy was -43.5%, down 30.9 points from -12.6%, 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 Daily candle, and how large is that historically?

COCOA closed at 5,633.3, down 0.9% from the previous Daily candle (5,684.65). This drop is larger than 39% of past drops on the Daily timeframe for COCOA, across 1,959 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 30.9 percentage points from the previous candle — from -12.6% to -43.5%. This drop is larger than 78% of past drops on the Daily timeframe for COCOA.

Do COCOA price and energy agree?

Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.

What state was COCOA in on the previous Daily candle?

The previous Daily candle had COCOA at -12.6%, Neutral — when this candle closed, COCOA moved down to a lower zone: Neutral → Bear Bias.

Where does COCOA energy sit within the Bear Bias zone?

At -43.5%, COCOA is 22.65 points from the upper boundary of Bear Bias (-20.88%) and 16.47 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%; GER40 (European equities) in Bear Bias with energy -22.2%. Against this backdrop, COCOA (Bear Bias, -43.5%) lower than SPX500; sits in the same state zone as 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 Bias with Market Energy -55.4%. COCOA (Bear Bias) and DXY currently sit on the same Bear side.

Real-time Energy Chart

See the real-time energy chart for COCOA.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for COCOA on the COCOA overview →

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