Copper: Sell Opportunity at Key Resistance Level

Price in copper is moving into a descending channel and after finding resistnace at the upper parallel it dropped sharply into an impulsive wave to the down. Most likely price will start a correction sooner or later. In that case try to sell as higher as possible depending on your favorite startegy.

A bearish flag pattern will be a fantastic trade setup to take:

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Kommentera:

Price broke below the correction. Selling is our option: