Cocoa - don't fight momentum

in #cocoa • 5 years ago

Look at second stochastic indicator with adjusted settings. It has been giving reliable signals since about May 2017, when it behaved slightly strange. It says SHORT, but we are on the bottom of the trendline. You can eventually trade breakout, but I consider it too risky. I recommend to wait till we bottom and then, open long. Otherwise, if bear flag forms, I go short. Follow signals, do not do any hasteful reactions on this market, till we are sure.

#kc #trading #analysis #beware
5 years ago in #cocoa by
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