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tonchinomics

TONCHINOMICS: HG1 COPPER FUTURES MAJOR TREND UP with breakout

Long
Copper Futures (COMEX:HG1!)  
tonchinomics Updated   
COMEX:HG1!   Copper Futures
Trend Analysis Chart Patterns
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trendanalysis chartpattern
HG1 COPPER FUTURES MAJOR TREND UP with a 6.4 year downtrend line breakout potential
which has a measured move target potential of around $5.
An ascending triangle breakout also a possibility.
Comment:
MAJOR TREND STILL UP but ascending triangle broke down. It was actually a channel break down. I was wrong regarding chart pattern.
Trade closed manually:
NEW MAJOR TREND DOWN, is it just a consolidation phase or a major downside...this barometer of the markets hopefully is not a bad omen.
Comment:
COPPER REMAINS ON A MAJOR TREND DOWN
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