TMV Swing Trade Report – Short July Cocoa from 2218 – Hit the target! – The short Cocoa position was closed at the 2110 target objective. The objective was determined by the downward sloping median line. After the price reached the target objective, cocoa spiked to a new low (2094) and quickly turned higher. This price action forms a short-term failed swing pattern and portends a bigger corrective rebound could follow.
John Crane
July Cocoa - click to enlarge
For more information about Market Timing Intelligence, click here to view the educational video.
