COTTON, entry long startedCOTTON, entry long started
COTTON - ADX / ADM - TS V. 2.8.4 - Intraday levels for 08/08/17
ADM - Average Daily Movement - Intraday Levels
Close to close candle ... if exceeded the indicated level
on the contract CTZ17 Contract - Dec '17
LONG if> 70,796
TP1 = 71,294
TP2 = 71,847
TP3 = 72,953
SL = 70,304
SHORT if <70,304
TP1 = 69,806
TP2 = 69,253
TP3 = 68,147
SL = 70,796
CTNUSD trade ideas
COTTON (COTUSD)After a thorough analysis, numerous bat patterns were discovered in the historic data of cotton. It is anticipated that a bearish bat pattern is about to complete, currently in the CD leg. The entry point is expected to occur at 0.7740. Stop loss is 0.7793, 113% extension of XA. Profit targets will be at 0.7581 and 0.7484 which are the 38.2% and 61.8% retracements of AD.