Analysis

·

Candle close
Price and energy
COCOA from 5,675.6 to 5,651.1, down 0.43%
Market Energy Bull Critical 64.6% to Bull Bias 57.1%, down 7.6 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price▲ 0.87%▲ 1.20%▲ 1.91%▼ 0.43%
Energy▲ 15.3▲ 44.0▲ 43.1▼ 7.6
Volatility trend chart · last 4 sessions
▲ 0.87%▲ 1.20%▲ 1.91%▼ 0.43%▲ 15.3▲ 44.0▲ 43.1▼ 7.6
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.43% — higher than 15% of past drops
0%255075100%
Energy down 7.6 pts — higher than 33% of past drops
RESEARCH

Trend of Bull Bias COCOA 4H

Sample: 86 4H candles from 2026-07-23 to 2026-09-23
Number of Bull Bias occurrences: 5 times

▸When COCOA is in Bull Bias:

  • then COCOA moved to higher Market State: 1 times — 20%
  • then COCOA moved to lower Market State: 4 times — 80%

▸Current COCOA market energy: 57.07%

  • Distance to upper bound of Bull Bias (at 60%): 2.93%
  • Distance to lower bound of Bull Bias (at 20.88%): 36.19%

"Why does archaeology matter?" — 2AITRADING

COCOA · H4 · 2026-09-24 13:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
64.6%
Bull Critical
57.1%
Bull Bias
Expected at
04:10
Zone
20.88 – 60
Bias
Buyers in control
Explanation

Following the completion of the 4H candle, COCOA within the energy state leaning Bull.

Per the 2AiTrading energy measurement system, The energy level dropped -7.6%: from 64.6% now at 57.1%.

Time in Bull Bias energy zone: 1 4H 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 -87.5 to +64.6.

Knowledge

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

Frequently asked questions

What did COCOA price and energy show when this 4H candle closed?

When the 4H candle at 20:00 on 24-09-2026 closed, COCOA was at 5,651.1, down 0.43% from the previous candle (5,675.6). Market Energy was 57.1%, down 7.6 points from 64.6%, 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 4H candle, and how large is that historically?

COCOA closed at 5,651.1, down 0.43% from the previous 4H candle (5,675.6). This drop is larger than 15% of past drops on the 4H timeframe for COCOA, across 87 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 7.6 percentage points from the previous candle — from 64.6% to 57.1%. This drop is larger than 33% of past drops on the 4H 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 4H candle?

The previous 4H candle had COCOA at 64.6%, Bull Critical — when this candle closed, COCOA moved down to a lower zone: Bull Critical → Bull Bias.

Where does COCOA energy sit within the Bull Bias zone?

At 57.1%, COCOA is 2.93 points from the upper boundary of Bull Bias (60%) and 36.19 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 Bull Bias with energy 40.4%; GER40 (European equities) in Bull Critical with energy 66.2%. Against this backdrop, COCOA (Bull Bias, 57.1%) lower than GER40; sits in the same state zone as SPX500.

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 42.7%. COCOA (Bull Bias) and DXY currently sit on the same Bull 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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