This is the second chapter of a copper
story around this pitchfork
. You can see first chapter on the related ideas. I believe the end of the last downtrend is over and now that we've tested for several days that support, it seems fair to place a long position at this point with a reasonable risk/reward.
The indicators shown confirm this idea and a couple of fibs (not shown) converge at the center line and the upper quarter where I have the objectives for this trade.
Thanks for your comments, and green pips for all.