$CT1! Cotton... ICEUS:CT1! Cotton!
Bless ya cotton socks, they say! I been checking the commodity index and things may get funky...
Now I went through sugar, that's looking like it's little over extended, now here's a beautiful chart of cotton!
Let's dive into technicals:
Pattern: Wedge
Highs: 90.15 Lows: 72
Now if we break the lows of 72, I expect 67.55 and then 62.25 areas. However, if we break above the highs of 90.15, I expect 95 and then 105 areas. Now, there are certain things to keep in mind, everyone is discussing it and I've started it since start of the year that key words: Stagflation....and there's another one recession! The market is forward looking...Those that understand economic cycles saw this coming and I well recommending researching into that, as much as technicals are important but it's really important to understand the type of cycle we are in and I had mentioned a little in my past week ahead videos!
Have a great weekend, it's long one for some of us! 🌞
Trade Journal
Ct1!_analysis
CT1!. P-Modeling Pt 2. Cottons of Cajun: A Hyperinflation Story Welcome Hyperspace Travelers,
This is a 1-week time-series model of CT1! Cotton No 2. Futures Contracts.
The purpose of this model is to potentially pick up early warning signs of hyperinflation.
I think I found a juicy early warning sign.
I may of course be incorrect.
If we look at data starting in 1973 we can see a well defined coordinated harmonics string with one big event between 2010 and 2012.
There is a strong probability that a continuously rising cost of cotton is an early warning sign of hyperinflation.
IF.. we continued on the path we are on. THEN... we hit a Strike Target of $220.00. This was the 2010-2011 ATH.
Do we repeat the past?
I say yes. Maybe? I guess? Sure, why not.. Seems logical.
But what do I know?... I just draw irrelevant spirals and lines. Right? Zero Predictive Value. So why attempt or even try? Waste of time if you ask me.
But what if..
Global supply and transportation issues. On the cusp of the next industrial revolution.. finite resources.. extreme weather.. destruction of our planet.. cheap labor shortages.. biggest division of wealth ever... You know this.. Right?
I just look at the same data as everyone else.
Just.. with a different grasp of the future..
Sometimes, I really wonder if we are apart of a simulation.
Is this real life? Or is this a test?
Communicative Cyclic Filters: Rendered along harmonic string.
Are you a test?
Is this just a big test?
Things to think about I guess..
See you soon :).
Thanks for Pondering the Unknown with me,
Glitch420
COTTON - 12% LOWER SINCE OUR LAST POSTOn our main Futures trade, Cotton has indeed gone in our direction by a massive 12%.
We told you guys, some might consider it a 'boring' trade, more excitement in trading cryptos and indices or forex but as we stated before 'Cotton is Soft and Predictable', an asset worth your attention.
Cotton stands for seasonality and this makes trading CT1 a rather predictable exercise.
Take a look at the chart and tell me if you like it.
Also look at my previous idea and how well it worked! Be inspired, don't look only for adventures but also for ''easier' trades.
Take a look at our previous ideas and how nicely we managed to ride this price on the way up (perfectly) and on our way down (perfectly again).
one love,
the FXPROFESSOR
CT1! @ daily @ closed lower last 2 trading days, day by dayThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Closings Bearish (32 Commodities)
drive.google.com
Best regards :)
Aaron