On the Hourly time frame of Copper, I have noted the following indications. 1.The downward momentum has been waning. 2. There is a Bullish divergence on momentum with each Lower lows. 2. We can see a clear inverted H&S pattern on joining the previous highs. 4. Now, there is a breakout and retest of the downward trendline with a volume increase during the breakout. 5. There is also a "W' pattern formation after the breakout and retest. Which is a continuation pattern. 6. If the price holds the retest and shows a reversal candle stick formation, This could be a bullish reversal. 7. The first target for price is around 740.
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade