Kumowizard
Long

Cotton - Get ready to re-enter long

32 0 2
After last week's profit taking idea it is time to start looking at possible long entry again!

Weekly:
- Ichimoku setup is turning to neutral from bearish: Chikou Span crosses above past candles, Tenkan/Kijun stays weak bullish
- This weak price action was softer, thus we have a smaller but still green HA candle body. The signal is still bullish

Daily:
- Ichimoku setup is absolutely bullish . Tenkan Sen and Senkou lines (Kumo components) all point up.
- Heikin Ashi candle and haDelta/SMA3 quantification today gives some early signal about the possible end of the pull back. Wait for some more confirmation and get ready to re-enter long in line with the trend to ride 5th bullish wave.
- On 4H time frame (can not post it here) Price just reached Kumo bottom and 100 WMA support. So it is either time to buy now, or if 64,55-64,60 can not hold then we need to wait more and look for Heikin Ashi reversal signals in 63,50-64 area.
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