Idea for Copper:
- Commodities Cycle is topped out.
- Copper in Trade and Trend Distribution patterns.
- Clear 5 wave Impulse completed.
- Re-tested resistance and rejected.
- Price will bleed out to complete the Head & Shoulders then capitulate.
TP1: 3.44 very likely.
TP2: 2.78
PT: 1.97
Global markets are not moving back into Goldilocks, no matter what the media is blaring. Reflation Overshoot Trade is over. Exposure should be given to Stagflation and Deflation trades.
GLHF
- DPT
- Commodities Cycle is topped out.
- Copper in Trade and Trend Distribution patterns.
- Clear 5 wave Impulse completed.
- Re-tested resistance and rejected.
- Price will bleed out to complete the Head & Shoulders then capitulate.
TP1: 3.44 very likely.
TP2: 2.78
PT: 1.97
Global markets are not moving back into Goldilocks, no matter what the media is blaring. Reflation Overshoot Trade is over. Exposure should be given to Stagflation and Deflation trades.
GLHF
- DPT
Trade active:
As expected, copper creates another exhaustion gap. Another S1 sell signal.
