Cotton: possible double bottom, longCotton has been falling since the 93.74 top in late August. The first low came at 77.05 on October 2, the bounce stalled at 82.25, and the second leg down made a marginally lower low at 76.47 on November 4. That new low didn’t hold for even a day: price reversed straight back above 77.05, so the breakdown failed and trapped the late shorts.
That gives a possible double bottom, with the 82.25 October high as the neckline. I’m taking it early, on a break of the reversal bar’s high, with a tight s
Long
