This cotton chart from July 1984 shows a classic EP formation. After a long rise from Feb 13 the market topped out with an EP. This is shown by the circled numbers at each P. NO discussion is made of the other lines as they were already on the chart from my previous trading.
The dates for the P’s are: P1 Mar 12, P2 Mar 19, P3 Mar 21, P4 Mar 27, P5 Apr 2. |
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