$6 Copper by 2026
Updated
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.
Note
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?
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