Tom_Killick

Copper Update: Take Heed At Current Price - Are We To Continue?

FX:COPPER   Copper
335 5 13
Traders

As you know, from my previous Copper             idea, I went short. And so far, we have picked up a lot of points from this trade.

If any of you went short with me, well done, we did good. We now need to take heed at the current price level and see if it becomes new support for this commodities price. Current price could be support for the time being. Or, we could see continuation to longer term validation target at 2.05's.

I 100% expect 2.05's to be hit one day, but it may retrace off the support line on the chart first, pullback and then go down to expected level. OR, it could just continue and ignore this level and go to the downside. Even though upside from here doesn't look likely just from looking at price action, it is instrumental to take heed here to protect capital.

Best of luck traders,
Tom

Note: I offer face to face, and online personalised tuition to people who wish to become professional traders. For more details of these trading courses I offer, message me on here, or email me with the email address on my profile page. Thank you.
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Youtube: https://www.youtube.com/channel/UCrKe1mbrc5cAj1BuuQNoyrA?nohtml5=False
Great job mate.
Abysmal targets are there, just a matter of selling the retraces.
Cheers!
Reply
sorgen
a year ago
Why don't you consider that your wave 1 is wave 3 and we are finishing 5-th wave? It looks like:
- BAT bullish pattern
- 5-th wave in C-wave
- triple bottom
Reply
Tom_Killick sorgen
a year ago
Yes, this may be correct, since my idea was a TAKE HEED tradingview idea...
Reply
HG1!: I JUST LOVE THIS COPPER CHART
Reply
Tom_Killick moorekapital
a year ago
Nice :)
Reply
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