Looking for down on COPPER Friday

16 Haz 2023

I'm looking for copper to retract at least part of Thursday's upmove for the following reasons:

1. DXY (Dollar Index) delivered an inefficiency yesterday and looks to be turning higher to go redeliver some 1hr - 4hr inefficiencies higher.

2. Copper delivered a weekly inefficiency yesterday and traded above previous day's high in the Asian session, which is a liquidity signature.

3. Now, Copper just broke the low that took us to the high above PDH, so I'm looking for a downmove on copper.

ICT

16 Haz 2023

İşlem elle kapatılmış

Nope

16 Haz 2023

İşlem elle kapatılmış

I was a little too ambitious and impatient with this analysis. I suppose copper is still drawing higher to the next weekly inefficiency.