Long Copper Hi everyone, Hope you are having a good day.
Let'sdiscuss the trade idea on copper. I use a volatility contraction pattern which is given by Mark Minervini.
I believe before every explosion, there is a contraction or what i better know it as "silence"
Obviously we have to take all the other things under consideration (like prior upmove, uptrend/downtrend, how its peers are performing and so on.
The idea for copper is because of the strong basing in daily time frame and note that basing is done after a prior upmove and then a retracement. I expect copper to break the highs easily.
here is my trade idea. ps:- i kept writing and it has started moving already.
Long COPPER 4.1373
Sl -4.0877
Targeting 4.2 atleast
Thanks
RaW^
