Cotton Sell Opportunity Forming At The Moment

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Cotton Sell Opportunity Forming At The Moment

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Hi Traders! We have Cotton sell opportunity forming at the moment. In the below video you will find a detailed analysis of this sell setup:

Cotton Weekly Chart:

On the weekly chart, currently it looks like the price is creating a potential special cycle. We also have a good supportive level which is slightly below the current zone. Hence there is a good chance that the price might create a pullback and then further continuation to the downside.

Cotton Sell Opportunity Forming At The Moment

 

Cotton Daily Chart:

On the daily chart we have a bearish momentum and currently it looks like a correction is happening. Once this correction completes itself, we may then expect the price to move lower further. The price has also created a bearish hidden divergence which turned into continuing divergence which we may consider as an evidence of bearish pressure.

Cotton Sell Opportunity Forming At The Moment

 

Cotton H4 Chart:

On the H4 chart the price has created double top, then it moved lower and broke below the uptrend line. If you want to be aggressive then until the high shown in the screenshot holds, we may look for pullbacks to happen, once the pullback completes itself, we may then start looking for sells with bearish evidences.

Cotton Sell Opportunity Forming At The MomentIf you want to be more conservative then wait for the price to break below the low shown in the screenshot, we may then start looking for sells with bearish evidences.

Cotton Sell Opportunity Forming At The MomentNote: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $197 PER YEAR.

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Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

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