Could the price of Cocoa rise?

Taking a long position based on:

- bullish/reversal bar
- support at ~ 3040, a weekly level;
- 200 ema rejection
- Fibonacci cluser:
-- 0.382 Fibonacci level rejection and close above on weekly time frame
-- 50% retracement and close above (2nd swing low to recent high)

entry - above high of reversal bar
stop loss - below low of reversal bar
target - at/above previous high