TONCHINOMICS: HG1 COPPER FUTURES MAJOR TREND UP with breakout
HG1 COPPER FUTURES MAJOR TREND UP with a 6.4 year downtrend line breakout potential
which has a measured move target potential of around $5.
An ascending triangle breakout also a possibility.
which has a measured move target potential of around $5.
An ascending triangle breakout also a possibility.
Note
MAJOR TREND STILL UP but ascending triangle broke down. It was actually a channel break down. I was wrong regarding chart pattern.Trade closed manually
NEW MAJOR TREND DOWN, is it just a consolidation phase or a major downside...this barometer of the markets hopefully is not a bad omen.Note
COPPER REMAINS ON A MAJOR TREND DOWN
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.