Copper reached a peculiar zone of confluence:
we see a perfect match of a horizontal daily structure, resistance line of a rising wedge pattern and fib.levels of the last major bearish legs.
based on that the chances are high the price will retrace to the support of the wedge.
also, look for a potential bearish breakout of the wedge.
it will trigger a selling reaction and the price may go even lower.
good luck!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.