Copper: Looking For A Strong Move Up In This Bullish Idea.
Comments on the chart. Quite wordy writeup so please bear with me. If 2.070 is taken out this idea is to be ditched
Kommentera:
Forgot to add that the stochastics has just turned up from the lows and there is a lot of room to the upside.
Kommentera:
Price went nowhere today so idea still stands
Kommentera:
Price is moving up and is building on the last weekly bullish candle. Idea is still in play
Kommentera:
After all is said and done price put in another bullish weekly candle. So the idea is still on
Kommentera:
Every fall in price so far has been bought. A breakout might be in the air. Money is being pumped into the markets at the moment. The stock markets are going up, gold going down , commodities are going up and $ is stagnant. We could get our breakout
Kommentera:
Tightened my stop too much on this one and I have been stopped out. Still looking higher though. However the lack of 'oomph' in the upmove is concerning. A 3rd wave move is usually very strong
Kommentera:
Was right on this one to be cautious. Price could just not muster a good move up. I am allowing the upmove to still happen if 2.070 (low of (2)) is not taken out. But the idea is on its last legs. I am thinking aloud here...If I see some strength on monday I could go long against the above mentioned low...
