EW suggest grinding towards $2.3- $2.4 of 50%-78.6% of fib level for C.
Weekly and Monthly RSI shows weakness. Confirms the larger downtrend.
Find Sell setups on lower TFs.
Good luck
Robus
Weekly and Monthly RSI shows weakness. Confirms the larger downtrend.
Find Sell setups on lower TFs.
Good luck
Robus
Comment:
Be careful here. Daily is exhausted on selling could give surprise spike upside.
Comment:
Be Careful , This short has some emerging short term bullish pattern. Daily RSI indicates almost oversold levels and possible bat pattern, I am not sure about these harmonic patterns but too late to open short positions on long term basis. Good luck
Comment:
I found very interesting post on copper. Do refer
Comment:
So it made corrective move towards 2.85 and slumped down, confirming the continuation of previous downward trend. expect more alternative fall.
Comment:
Brilliant continuation of downtrend. For now we can see some consolidation with range trades and will attracted downwards for target of $2.2.
Trade closed: target reached:
WHOA !! like this was butter below 78%
