An update for my last copper theory based off trade pattern
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a second pullback before seeing ~$5.8.
Local price action (todays prices) in sellers has slowed down drastically at the same time buyers are building a solid support zone.
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a second pullback before seeing ~$5.8.
Local price action (todays prices) in sellers has slowed down drastically at the same time buyers are building a solid support zone.
Not
So far on track almost exactly to ghost channel. Price is now at $4.6 like predicted, lets see how far copper can go according to this setup.Do we see sideways action and pullback for a few more months, or does price head straight up to $5.5 from current pattern formation?
Not
Copper is on schedule and needs to hold this 4 Dollar liquidity zone.
NathanAL
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
NathanAL
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.