COCOA Uptrend breakdown vision based on liquidity levels

The market is favorable to the sellers from August 7 and allowed them to make a small profit.
The balance of power is clearly in favor of the bears. A breakdown of the local support level at $3405 will confirm our existing evaluation.

We are waiting option market confirmation.

Trade active:

CCZ2023 No changes to our earlier COCOA forecast. We anticipate a negative move after the consolidation period between 3409 and 3495.