Cocoa (update)

Friday's price action did some chart damage to my bullish call.  Prices gapped lower creating a falling window pattern.  We are also back below all four moving averages and below the double bottom neckline.  However, we do have a bullish MM Fade pattern about to become active once 1983 is reached.  The dominant MM has deep retracement with 1:3 left-handed skewing.  The supporting1 MM has neutral deep retracement with 4:2 right-handed skewing.  Together they create a bullish Fade Zone between 1983 and 1854.  One area I will be looking closely at is between 1946 and 1918.  In it, there's a 261/361 Fib combo, a 78% retracement level, MS1 @ 1913, and the 361 Fib combo @ 1918.  If this zone doesn't hold, then I feel we will retest the recent lows.  So, for now I'd stay in the long position entered @ 1947.50 and look for another possible entry lower.