Cocoa's overall trend, revealed by trends of price, leverage, and time, are defined in the Matrix for subscribers.
Cocoa's primary trend Flipped (F) in October. This flip had irregularities which introduced risk. The old saying that the majority is never right about timing had to be applied to cocoa.
What I am waiting for? A better, higher probability setup. This requires patience and a deeper understanding of cycles and energy. I'd consider doing a Cocoa Report if there's enough interest, but I realize the Internet does not migrate between assets, and, in general, believes real knowledge comes from gurus selling narratives for free. Let us know if interested.
Part of the better, higher probability setup would be a stronger bullish energy build. Cocoa's Adjusted hasn't shown one since 2019.
Cocoa's Adjusted DI
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