Cotton Bullish Pattern Breakout with Rectangle Base with False Break Down and Flip Pattern (Highly Reliable Pattern to reach the target of 1x Box Height)
With price bullish and India to cut the inflow of cotton to equilibrating the flow of price.... we are seeing an increase in demand. however this cut is just for a limited period with major clothing companies on the IND50 index forecasting some slow in sales on cotton products. this will restrict the flow or goods. tariffs can also be catalysts as well as high...
Hi guys. I hope my post finds you all well ! I post my recent trading idea specific for Cotton No.2 CT1!. As we see from digramm we are at a recent bounce back from the upper bollinger until the median, I expect that it will go as far as the lower bollinger with a target price at 72,20 $ . This opinion is confirmed also by ADX indicator which signs a short signal...
Simple application of harmonics/channeling. Essentially (or similar) to
a wave 4 in EW. Ride to 5, and look for the corrective turn back down.
Up and back!
There is a possible oversold mood in the Cotton market. Around price 78 is repeatedly created a quite obvious S/R zone and I see a potential to price 85.
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