John Erik Hammerstrom

Nice short setup in Cotton

ICEUSA:CT1!   Cotton #2
46 1 0
Cotton             still remains bearish , is still below 200sma, price action has now come in at a 61% retracement, and a 38% retracement, plus previous support now has become resistance, Rsi is getting overbought, but still no bearish divergence, would wait for a reason to enter this trade, either wait for price action to close below 62,30 tomorrow, or wait for a double top with some bearish divergence in Rsi , this trade offers a nice risk/reward 0f 3 to 1
Took a short position now, had some bearish divergence on the 4 hour chart
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