Cotton Wave Analysis – 23 December, 2019
December 23, 2019 @ 17:33 +03:00
- Cotton broke resistance zone
- Likely to rise to 70.00
Cotton recently broke the resistance zone lying between the resistance level 67.00 (which has been reversing the price from June) and the 50% Fibonacci correction of the previous downward impulse (1) from April.
The breakout of this resistance zone accelerated the active short-term impulse wave C – which belongs to the ABC correction (2) from August.