Copper has been obeying the triangle structure for some time and has just shown a rejection of the upper trendline indicating a nice move south. Stops above the trend line and targets for mid way or to the lower part of the triangle
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We have a break, but looking at the RSI on a lower timeframe I expect a pull back still. This setup still remains if the 50% Fib is not broken otherwise we can assume a trend change and longs are in place.
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handosul
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Hello, Evan Jones
Thanks for sharing your idea.
So do I, hoping big drop.
Price still is moving back and forth around 50% today.
Thanks for sharing your idea.
So do I, hoping big drop.
Price still is moving back and forth around 50% today.
Please keep updating this.
Many thanks.