Copper is behaving nicely. We were longer time buyers on the Copper and looking for it to resume its bullish trend for upside. BUT a big but. It is struggling at the top which means we may see another drop like last one.
Lets come to the point.
How you can trade on this chart.
1. Watch top for sharp sell and join the sell.
2. Wait for the...
We are still in the uptrend, so it can keep going up. But in the meantime, any last top can be the end of B (orange) wave and it can fall fast. That's why I'm looking at the drop as the first wave and we have the second wave as well. So I'm waiting for a reversal impulse and correction to place an entry order. My minimum target is the breaking of...