Genghis
Short

Freeport-McMoran possible trajectory

NYSE:FCX   FREEPORT-MCMORAN INC
78 4 2
Long term I'm bullish but if we can get a lift in USD and see metal take a dip we could be looking at a near term high. In an ideal world we bounce up to fill gap at 13 and then roll over and drop back to $5 levels. Tough to believe it could take such a battering but those gaps are there to be filled. One to watch this week.
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Gapped lower on opening to break supportive trend line. Increases our likelihood of a short rally to put in a right shoulder to sell into
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Genghis Genghis
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Currently filling $11.20 gap setting a potential neck line as copper bounces off supportive inverse H&S neck line
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Genghis Genghis
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With the copper tank we've just filled the 10.90 gap. Still need a rally to get short.
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Genghis Genghis
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About to get our rally into $13 gap, which would align with 1.618 fib from range break
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