The market is getting pretty beat up, but this copper play is holding up well. If we can get a bounce in the market, I'm looking for this pattern to play out.
Last big reversal was a falling wedge, now this time there is a diamond within a diamond.
Bullish trend in weekly MACD, now well above zero. Looking for RSI support around 50 to hold, and an eventual break above price of 3.60 with heavy volume to confirm breakout.
Long term outlook.
Last big reversal was a falling wedge, now this time there is a diamond within a diamond.
Bullish trend in weekly MACD, now well above zero. Looking for RSI support around 50 to hold, and an eventual break above price of 3.60 with heavy volume to confirm breakout.
Long term outlook.