Olu
Short

Cotton: I Am Looking Lower

FOREXCOM:COTUSD   CFDs on Cotton
38 0 1
Comments on the chart
Comment: Price move lower as expected today. I am still looking lower. Price did try to make a comeback after dropping but finally succumbed to selling by the close.
Comment: my not to scale wave 3 area was hit today and price got close to TP1 but reversed 0.3 points above it. If you look at the updated chart you CAN count 5 waves down. So I am being a bit cautions in case the expected downmove is done
Comment: The fall continued today. Even with this fall today I am still looking lower
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