Analysis

·

Candle close
Price and energy
COCOA from 5,754 to 5,670.5, down 1.45%
Market Energy Bull Critical 71.9% to Bull Bias 54.6%, down 17.3 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price▼ 0.77%▲ 0.83%▲ 1.77%▼ 1.45%
Energy▼ 18.8▲ 0.8▲ 32.8▼ 17.3
Volatility trend chart · last 4 sessions
▼ 0.77%▲ 0.83%▲ 1.77%▼ 1.45%▼ 18.8▲ 0.8▲ 32.8▼ 17.3
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 1.45% — higher than 56% of past drops
0%255075100%
Energy down 17.3 pts — higher than 61% of past drops
RESEARCH

Trend of Bull Bias COCOA 4H

Sample: 90 4H candles from 2026-07-23 to 2026-09-25
Number of Bull Bias occurrences: 6 times

▸When COCOA is in Bull Bias:

  • then COCOA moved to higher Market State: 2 times — 33.3%
  • then COCOA moved to lower Market State: 4 times — 66.7%

▸Current COCOA market energy: 54.63%

  • Distance to upper bound of Bull Bias (at 60%): 5.37%
  • Distance to lower bound of Bull Bias (at 20.88%): 33.75%

"To truly understand anything, study its history" — 2AITRADING

COCOA · H4 · 2026-09-28 13:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
71.9%
Bull Critical
54.6%
Bull Bias
Expected at
04:10
Zone
20.88 – 60
Bias
Buyers in control
Explanation

From the just-closed 4H candle data, Market Energy of COCOA indicates the energy level leaning Bull.

Looking at the Market Energy reading, Market Energy reading dropped -17.3%, moving from 71.9% to 54.6% after the 4H candle.

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 +21.6 to +71.9.

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 28-09-2026 closed, COCOA was at 5,670.5, down 1.45% from the previous candle (5,754). Market Energy was 54.6%, down 17.3 points from 71.9%, 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 4H candle, and how large is that historically?

COCOA closed at 5,670.5, down 1.45% from the previous 4H candle (5,754). This drop is larger than 56% of past drops on the 4H timeframe for COCOA, across 91 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 17.3 percentage points from the previous candle — from 71.9% to 54.6%. This drop is larger than 61% of past drops on the 4H timeframe for COCOA.

Do COCOA price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. 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 71.9%, 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 54.6%, COCOA is 5.37 points from the upper boundary of Bull Bias (60%) and 33.75 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 46.6%; GER40 (European equities) in Bull Extreme with energy 89.3%. Against this backdrop, COCOA (Bull Bias, 54.6%) 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 Neutral with Market Energy 20.7%. COCOA energy is currently above DXY by 34 points.

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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