EW suggest grinding towards $2.3- $2.4 of 50%-78.6% of fib level for C. Weekly and Monthly RSI shows weakness. Confirms the larger downtrend.
Find Sell setups on lower TFs.
Good luck Robus
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Be careful here. Daily is exhausted on selling could give surprise spike upside.
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Be Careful , This short has some emerging short term bullish pattern. Daily RSI indicates almost oversold levels and possible bat pattern, I am not sure about these harmonic patterns but too late to open short positions on long term basis. Good luck
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I found very interesting post on copper. Do refer
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So it made corrective move towards 2.85 and slumped down, confirming the continuation of previous downward trend. expect more alternative fall.
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Brilliant continuation of downtrend. For now we can see some consolidation with range trades and will attracted downwards for target of $2.2.
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