Despite the bottom dropping out of the dollar in the last week or so doctor copper seems to be stuck. A close below the current level on the daily chart will likely lead to more downside. This would also be a good indication of where the rest of the market is headed.
Not trading advice. Just some more brain farts. Enjoy :)
Not trading advice. Just some more brain farts. Enjoy :)
Comment:
The formation nears completion. It's a head and shoulders and a close on the day below 2.87 will lead to more downside in the coming week. This is also a strong indication for the direction of the stonk markets.