March Cotton/Breakdown *PIC*

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March Cotton broke out above a double top and then promptly formed a very bearish Island Reversal pattern. Price is now following through to the downside fulfilling the bearish pattern projection and is presently below the breakout pt support. Negative divergences have been very pronounced for some time now. The uptrendline is just over 125 along with the Fib 38.2% retracement pt.

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March Cotton/Breakdown *PIC*

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