LEONES
Short

Cotton fan - part2

ICEUSA:CTN2013   None
213 3 0
After reaching support level at 82.80 ( April             ,24) Cotton             formed a nice wave back to the 20EMA. Monday (May,20) outside day can be the sign that consolidation is over and the downtrend ready to resume towards 79.00-78.00. I'm planning to sell below the outside day low.
Major Lows culminating in early June (5/10/15 yr. seasonal charts) and mid August (20/30 yr. seasonal charts)
I consider the target reach a this point
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Time to take some profits
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Sell triggered
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