Copper retraced back to the 50%-61,7% Fibonacci retrace levels. An old trader I used to know called this the ambush zone, meaning it's a popular zone for a bounce or a pullback, depending if you're working off a low or a high. Interesting area to watch. No position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.