Analysis

COCOA 5,672.95 ↓0.79%: Bears have the edge · 4H 00:00 Oct 23, 2026

·
Candle close
Price and energy
Open 5,714.45 · High 5,719.45 · Low 5,628.45 · Close 5,672.95 · Range (high − low) 91
COCOA closed at 5,672.95, down 45 (-0.79%) from 5,717.95.
Bull–Bear energy behind the price: the market moved from the Neutral zone at 6.0% to Bear Bias at -28.6%, down 34.7 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price5,8225,9325,7185,673
Energy21.3%51.2%6.0%-28.6%
Price change↓ 0.52%↑ 1.89%↓ 3.61%↓ 0.79%
Energy change↓ 16.7↑ 29.9↓ 45.2↓ 34.7
Volatility trend chart · last 4 sessions
↓ 0.52%↑ 1.89%↓ 3.61%↓ 0.79%↓ 16.7↑ 29.9↓ 45.2↓ 34.7
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.79% — higher than 39% of past drops
0%255075100%
Energy down 34.7 pts — higher than 76% of past drops
Knowledge

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

RESEARCH

Trend of Bear Bias COCOA 4H

Sample: 126 4H candles from 2026-07-23 to 2026-10-21
Number of Bear Bias occurrences: 15 times

▸When COCOA is in Bear Bias:

  • then COCOA moved to higher Market State: 11 times — 73.3%
  • then COCOA moved to lower Market State: 4 times — 26.7%

▸Current COCOA market energy: -28.61%

  • Distance to upper bound of Bear Bias (at -20.88%): 7.73%
  • Distance to lower bound of Bear Bias (at -60%): 31.39%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

COCOA · H4 · 2026-10-22 13:00 UTC
Preview the last 30 candles — price and energy
View live COCOA chart →
Market Energy
6.0%
Neutral
-28.6%
Bear Bias
Expected at
04:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

The Bear Bias level is the result just recorded for COCOA after the 4H candle closed.

At the 4H session close, Market Energy at -28.6%, down -34.7% from 6% in the previous candle.

Time in Bear 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 -80.6 to 51.2.

Frequently asked questions

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

When the 4H candle closed at 00:00 on 22-10-2026, COCOA was at 5,672.95, down 0.79% from the previous candle (5,717.95). Market Energy was -28.6%, down 34.7 points from 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 4H candle, and how large is that historically?

COCOA closed at 5,672.95, down 0.79% from the previous 4H candle (5,717.95). This drop is larger than 39% of past drops on the 4H timeframe for COCOA, across 127 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 34.7 percentage points from the previous candle — from 6% to -28.6%. This drop is larger than 76% 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 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 -28.6%, COCOA is 7.73 points from the upper boundary of Bear Bias (-20.88%) and 31.39 points from the lower boundary (-60%) — so energy sits closer to the upper 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 20.4%; GER40 (European equities) in Bull Extreme with energy 83.2%. Against this backdrop, COCOA (Bear Bias, -28.6%) 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 Extreme with Market Energy 90.4%. COCOA (Bear 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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