cocoa future trade idea – cullen outlook – formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Formation Finder portion from May 23rd.
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FORMATION FINDER:
Good Morning—
July COCOA:
(CC-MN7)
WE’VE SEEN THIS PRICE PATTERN BEFORE!
What are your thoughts on getting SHORT on a break of 2000?
There are no guarantees, but if this move mirrored the previous formation, this could be a real nice move lower to participate in. MACD and RSI looking weak too
The goal is to put yourself in the best positions you can to take advantage of possible moves in the market based on the price action you see and the formations you know.
Have a look at the familiar chart pattern and let’s do this… (click to enlarge)
TRADE IT WHEN YOU SEE IT!
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