Cocoa (update)

Cocoa had a strong gap up open above the falling window.  Prices later closed that lower gap and finished the day right near the open creating a doji candle.  This shows buyer and seller equilibrium. I'm not surprised as we are just under my 2 double bottom targets (blue box on chart below) and its 100 DMA.  We haven't closed above it since last August, so this is our next big hurdle to overtake.  We also have a 361/261 Fib combo along with the monthly R2 between 2197 and 2237.  So, I expect this area could provide some short term resistance.