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SpartaBTC
Feb 25, 2021 3:10 PM

Copper. Triangle. Breakdown. Timeframe 1 month. Monopolization. 

Copper FuturesCOMEX

Description

Copper. Timeframe 1 month. A huge triangle has formed. Breakdown of the resistance of this formation. Notice how before the price rise they made a beautiful false breakdown. For strong growth, like the last time, it would be good if there was a rollback to the zone of the broken resistance of this formation. Complete development of the goal of the symmetrical triangle 13.23. The minimum goal is 10.1. Implementation until 2023 05 (this is relative time). But this is provided that the price does not fall below the mirror resistance level during a rollback (now it is already acting as a support).

Also now there is a complete monopolization by playing with patents. All small participants in the prey will not survive. This patent game is what sparked this growth.

Think what could happen in the world that would increase the demand for metal so much. Although even today negative dynamics is noted in the extractive sector. Alternatively, demand may remain as it is now or even less, but production due to certain events (not a "virus") may greatly decrease, which will provoke a very strong rise in prices (this applies to all minerals).
Comments
john_stuart
Nice work
SpartaBTC
@john_stuart, thank you very much
John_Smithh
Great idea
SpartaBTC
@John_Smithh, thank you
abel11
Thanks for always sharing your thoughts.
SpartaBTC
@abel11, always happy to share with my subscribers
ProjectSyndicate
massive commodity bonanza. not sure that it will last though.
SpartaBTC
@ProjectSyndicate, let's see how it will be
TheSignalyst
amazing chart Sparta :D
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