Potential cup and handle

COMEX:HG1!   Copper Futures
88 3 14
Haven't traded a cup and handle continuation pattern for a long time but they can work well. buy a break of the channel take profit and buy the pull back again. Will update if it breaks out.
Comment: entered long position.
Comment: breakout is good, moved stop to even trade now risk off. looking for profit a little higher hopefully 5%. If your not in just wait because cup and handle's normally come back and retest breakout...
Comment: another even trade :(

Related Ideas

I don't trade this commodity but we might be looking at a large correction here

+1 Reply
tst ezodisy
@ezodisy, Nice chart thanks for posting it. yeah I agree that could have put in the wave 5 just now. Ive been trading this long but i had my wave 1 and 2 were you have d and e. Been buying cooper stocks on ASX and doing well from it...
@tst, Well done. I suppose with 1 and 2 instead of d and e, we'd have a correction now and another leg up for 5, as this high would just be 3. So a correction back to what I marked as 4.....
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