Each bar is derived from one week of trading activity. 

After week 46, Cocoa prices are now higher making a higher high and a higher low on the weekly scale.

After week 45, Cocoa prices continue lower as shown through the lower lows and the lower highs. In order to break this downsloping trend prices should quickly raise above the last week high measure around the 2.540 level.

After week 42, Cocoa prices are clearly making a lower low and a lower high for the weekly time scale indicating weakness.