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Cocoa Update II : More Weakness After A Corrective Bounce

Cocoa Update II : More Weakness After A Corrective Bounce

Cocoa ICEUSA:CC1!

On the Daily chart of Cocoa, blue wave A seems to be completed, because of a sharp reversal to the upside into blue wave B. That said the pull-back in blue wave B may reach the fibo. level of 50% or 61.8% of previous blue wave A, before turning to the downside into blue wave C.


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