Fibonacci Channel on #Copper weekly ChartNew to the world of CHARTS, but always fascinate by Fibonacci. Tried the fib Channel on Copper weekly chart, markets seem to mostly respect the time schedule as per Fib.
Will keep analyzing more.
Key stats
Volume
—
Current contract
QCK2023
Contract size
12500
Copper QC Contract- H&S Pattern Since 15th Jan 2016-- Copper QC moved impulsively & made a top@2.3200..Since then it retraced & has been moving sideways- almost completing an H& S pattern.
so once we move above 2.2400 -it the first clue & above 2.2900.. Copper QC contract shall move strongly upside in the zone 2.5500 to 2.5700 wh
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