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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After months of patience waiting finally, we got it. Copper (future chart shown) prices consolidated in the form of a quite perfect Symmetrical Triangle at the all-time high and just above 200 days EMA. Friday close breached also the highest point of the Triangle (the first one on the upper left side).
Copper future is one of the heaviest possible contracts to carry so be aware that trading with it requires adequate capitalization.
Valid alternatives to look at, in my opinion, could be two ETFs: CPER and JJC.
🔎🔎🔎 ALWAYS REMEBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
After months of patience waiting finally, we got it. Copper (future chart shown) prices consolidated in the form of a quite perfect Symmetrical Triangle at the all-time high and just above 200 days EMA. Friday close breached also the highest point of the Triangle (the first one on the upper left side).
Copper future is one of the heaviest possible contracts to carry so be aware that trading with it requires adequate capitalization.
Valid alternatives to look at, in my opinion, could be two ETFs: CPER and JJC.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 5.7200
- Breakout area above: 4.9200
🔎🔎🔎 ALWAYS REMEBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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