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Olu
Mar 12, 2018 12:38 PM

Cotton: I Am Looking Lower Short

COTTON NO 2 CFDFOREX.com

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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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