Cotton

I have a potential trade set-up from my Ninja fund in July Cotton. This market has made a tremendous move up the past 8 weeks and is in overbought territory. Today also saw a spinning top candle formation, which is indicating a potential loss of momentum. Additionally, the current level is at two 361.80% extreme fibonacci projection levels. I'm looking to get short under today's lows ~ 56.55. If this level is triggered, my stop loss will be @ 57.45 with a potential target area ~ 51.75.