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Cotton No. 2 Futures
Updated

AB=CD for 5th "touch" in rising channel

47
Simple application of harmonics/channeling. Essentially (or similar) to
a wave 4 in EW. Ride to 5, and look for the corrective turn back down.
Up and back!
Note
Additional note: Price (reversal) tends to move rather "briskly" from pt 5 of a diagonal (of which this is one).
TAcharts
Harmonic PatternsTrend Analysis

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Harmonic PatternsTrend Analysis
TAcharts

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.