Copper bounce from 3.2000 is important for the upside continuation
Â
Copper bounced off 3.2000, which is strong long-term support for a higher continuation. This Bounce could lead to an upside continuation higher and a retest of 3.9000 -4.000 the most important uptrend continuation zone.
Â
The weekly chart reveals a reversal triangle and a bounce off the lower support line 3.2500. On the upside, we have a strong upside reversal resistance confluence of 3.7000 which needs to be overcome for the continuation higher.
Â
JOIN TRADER’S CLASSROOM TO LEARN A PERFECT ENTRY AND EXIT TIMING IN ALL ASSET CLASSES
On a daily chart, we can see a good RR trade opportunity Already a member? This article is so good, it’s for premium members only.
Does that sound like you?
Go Premium to read full trading strategy with parameters of entry, stop loss, and exit. Why Premium?
We have used the combination of the top-down trading analysis to get these critical levels explained in the charts. Also, you can see Elliott Wave and price action analysis together with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Trader’s classroom.
