/CC (cocoa futures) offers an objective long entry following the recent divergent low & bullish falling wedge breakout on the 60-minute time frame.
CC 60m Dec 1st
Likewise, NIB (cocoa ETN) also offers an objective long entry on this pullback to the primary uptrend line on the more significant daily chart. Active traders might opt for a relatively short-term trade targeting the levels on the 60-minute chart of /CC above while longer-term swing or trend traders could go long here with a stop somewhat below today’s lows as a position/trend trade as all previous pullbacks to the primary uptrend line since 2017 were followed by double-digit gain rallies lasting weeks to months.
NIB daily Dec 1st