#Copper #globalcopperminers #copx seems to have more downside.
After completing bearish Crab pattern with three desired targets archieved now instrument still seems to have some downside momemtum with a trend line broken and retracement going below 61.8%.
Looking for a completion of bullish Bat pattern after breaking 75MA. BB walk started so later looking volatality divergence near bat pattern completion.
200MA approaching could act as support. RSi (7 and 14) showing OS/bearish strength for now.
After completing bearish Crab pattern with three desired targets archieved now instrument still seems to have some downside momemtum with a trend line broken and retracement going below 61.8%.
Looking for a completion of bullish Bat pattern after breaking 75MA. BB walk started so later looking volatality divergence near bat pattern completion.
200MA approaching could act as support. RSi (7 and 14) showing OS/bearish strength for now.
Note
Bullish Bat Pattern in play looking for min 38.2% as T1Trade closed: target reached
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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.