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Mar Cocoa

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Hi everyone,

I am looking at Mar Cocoa and the possibility for a low risk long trade.
The attached chart shows my interpretation of the current wave count.

I am looking for the current pullback to be a wave 1 or b
and not exceed the .786 retracement level of the prior swing.

[1] The projected time zone in the "TRZ all swings" study was
    projected from the Oct 8 high, this projects the high probability
    time period for the next swing to end, and we are currently
    in this zone.

[2] SRSI (Stochastic RSI) is showing a potential hidden divergence or
    "Springboard" type setup.

[3] If the low of 1604 on Nov 4 is exceeded I would expect prices to
    continue to the next projection for wave C which is 1551.


Alan Sears
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