Copper, the base metal that I suggested to long in my previous idea but now I am eating my words back. The reason? Friday's move down. As I pointed out in the chart, there is a reversal candlestick pattern (bearish engulfing) and then there are 3 Dojis with higher upper wicks. Also in my chart, I showed that the previous wave is, in fact, corrective. Thus, I am giving this short idea on Copper. On the short-term at least, I believe there are more downside still.
Trade closed: stop reached:
Clearly I was wrong for this one.
