Analysis

COCOA 5,852.55 ↓1.76%: Bulls have the edge · 4H 00:00 Oct 21, 2026

·
Candle close
Price and energy
Open 5,958.05 · High 5,970.05 · Low 5,844.05 · Close 5,852.55 · Range (high − low) 126
COCOA closed at 5,852.55, down 105 (-1.76%) from 5,957.55.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 45.8% to Bull Bias at 38.0%, down 7.8 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price5,678.45,772.95,957.65,852.6
Energy-80.6%-63.8%45.8%38.0%
Price change↓ 1.36%↑ 1.66%↑ 3.20%↓ 1.76%
Energy change↓ 41.8↑ 16.8↑ 109.6↓ 7.8
Volatility trend chart · last 4 sessions
↓ 1.36%↑ 1.66%↑ 3.20%↓ 1.76%↓ 41.8↑ 16.8↑ 109.6↓ 7.8
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 1.76% — higher than 63% of past drops
0%255075100%
Energy down 7.8 pts — higher than 29% of past drops
Knowledge

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

RESEARCH

Trend of Bull Bias COCOA 4H

Sample: 124 4H candles from 2026-07-23 to 2026-10-20
Number of Bull Bias occurrences: 10 times

▸When COCOA is in Bull Bias:

  • then COCOA moved to higher Market State: 3 times — 30%
  • then COCOA moved to lower Market State: 7 times — 70%

▸Current COCOA market energy: 38.02%

  • Distance to upper bound of Bull Bias (at 60%): 21.98%
  • Distance to lower bound of Bull Bias (at 20.88%): 17.14%

"Why does archaeology matter?" — 2AITRADING

COCOA · H4 · 2026-10-20 13:00 UTC
Preview the last 30 candles — price and energy
View live COCOA chart →
Market Energy
45.8%
Bull Bias
38.0%
Bull Bias
21.3%
Bull Bias
Zone
20.88 – 60
Bias
Buyers in control
Explanation

After the system processes the 4H candle, COCOA in the Bull trend energy zone.

Market trend on the 2AiTrading energy system Energy delta -7.8%: Market Energy at 38%, previously 45.8%.

Time in Bull Bias energy zone: 2 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 -80.6 to 45.8.

Frequently asked questions

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

When the 4H candle closed at 00:00 on 20-10-2026, COCOA was at 5,852.55, down 1.76% from the previous candle (5,957.55). Market Energy was 38%, down 7.8 points from 45.8%, 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 5,852.55, down 1.76% from the previous 4H candle (5,957.55). This drop is larger than 63% of past drops on the 4H timeframe for COCOA, across 123 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 7.8 percentage points from the previous candle — from 45.8% to 38%. This drop is larger than 29% 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 45.8%, Bull Bias — this candle kept the same state, no zone change.

Where does COCOA energy sit within the Bull Bias zone?

At 38%, COCOA is 21.98 points from the upper boundary of Bull Bias (60%) and 17.14 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Critical with energy 67.9%; GER40 (European equities) in Bull Bias with energy 29.1%. Against this backdrop, COCOA (Bull Bias, 38%) 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 Extreme with Market Energy -78.5%. COCOA (Bull Bias) and DXY currently sit on opposite sides.

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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