Kumowizard

Cotton - Some pause after first bullish wave

ICEUSA:CTK2015   None
1
Weekly:
- Ichimoku setup is bearish, but the pull back was remarkable: Chikou will hit Price candles soon and Price is above Kijun Sen. Tenkan is still below Kijun
- haDelta may come lower a bit, indicating some hesitation or pull back from 65 resistance.

Daily:
- Ichimoku setup is bullish
- HA candles suggest a pause or pull back. haDelta further down, watch if SMA3 drops back below zero line.
- Pull back tgt is 62,00 - 62,70 area, where we should look for buy signals in line with developing daily bullish trend

I closed some of my long positions, waiting for a buy signal to re-enter.

Penafian

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