I believe metals and miners are ready to have a breakout. My plan is simple, buy on this pullback played by short term overbought levels caused by mixed factors. The area in question is green on the chart, I believe that as soon as breaks above the orange area prices could have a very good run on the upside, My targets are A-B-C, prices may experience swings between those areas but as long as Higher highs keep printing we should get the home run on this one.
TIMING - November has the biggest positive average monthly change, so this could give a boost at the beginning but we might experience biggest turbulence of the rally during the month of December and finally complete the cycle in the month of January (red arrows).
GL and happy trading!
TIMING - November has the biggest positive average monthly change, so this could give a boost at the beginning but we might experience biggest turbulence of the rally during the month of December and finally complete the cycle in the month of January (red arrows).
GL and happy trading!