LEONES
Long

March Copper triangle flag formation

COMEX:HGH2013   COPPER FUTURES
160 4 0
Copper             could move higher next week. Trend is up and MA is giving support. In the past two weeks the price has consolidated inside a triangle flag, I would buy at breakout with stop loss below friday low and target objective 3.8450 (resistance). Reward/risk ratio around 2. If it breaks to the downside it is a sell .
I am more leaning towards to lower prices. on footprint lots of volume for sale and not so much on buyers side. would wait of bounce from trend line or breaking of it. too soon to tell. waiting for short.
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thx for a heads up....made some chunks on 3 cars! good job man. (short)
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LEONES PRO ozatrading
trend for copper is changed with this drop
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You did everything right except one... Right pattern ... Right measurements ... Wrong Way
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