Olu

Cotton: I Am Looking Lower

Short
Olu Aggiornato   
FOREXCOM:COTTON   COTTON NO 2 CFD
Comments on the chart
Commento:
Price move lower as expected today. I am still looking lower. Price did try to make a comeback after dropping but finally succumbed to selling by the close.
Commento:
my not to scale wave 3 area was hit today and price got close to TP1 but reversed 0.3 points above it. If you look at the updated chart you CAN count 5 waves down. So I am being a bit cautions in case the expected downmove is done
Commento:
The fall continued today. Even with this fall today I am still looking lower
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