On the , a class A divergence formed, right at value on the weekly; that is a great signal. However, price failed to close below 11.50$, thus never confirming the divergence. Today, there was a very nice bounce, turning the impulse green and making a new swing high.
Whenever such signals fail, it is almost always a good idea to go long; same thing applies to failing signals.
I am looking for FCX to reach the strong at 17$.