Thursday, November 18, 2021

#Cocoa Review $NIB #CC_F

Cocoa Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to long-term trends, it does not define them. The focus on short-term noise rather than trends, a source of confusion for the majority of investors, leads to the creation of bag holders at major trend transitions.

Cocoa's overall trend, revealed by trends of price, leverage, and time, are defined in the Matrix for subscribers.


Subscriber Comments

Cocoa NIB


I said cocoa would be NEXT as far back as the Summer of 2021. Next implied an upside breakout.

Cocoa, not unlike other markets in the Matrix, tends to be picky. It requires the right (high probability) setup to jump the creek or break the ice. The composite trend's Triple Up alignment on October 1st, a powerful combination, was not as strong as it appeared. I quickly talked about it, because of the advanced skill needed to see it. Lower probability setups often fail, not necessarily down an elevator shaft but rather through churn and frustration. We're seeing at little of both in cocoa.

What has changed since October 1st? The shift has been subtle. WA, a measure of participation, is falling. SA, a measure of uncertainty, hasn't moved a centimeter. Reviews focus on changes in the Evolution of the Trade (EOT). The EOT is showing a Fip down, but the setup is deceptive. The Cocoa Report $100 has been updated to discuss the complex setup that requires patience under a backdrop of impatience.   Please watch.

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