Copper : Sell Setup Towards 2.4$

EW suggest grinding towards $2.3- $2.4 of 50%-78.6% of fib level for C.
Weekly and Monthly RSI shows weakness. Confirms the larger downtrend.

Find Sell setups on lower TFs.

Good luck
Robus

Note

Be careful here. Daily is exhausted on selling could give surprise spike upside.

Note

Be Careful , This short has some emerging short term bullish pattern. Daily RSI indicates almost oversold levels and possible bat pattern, I am not sure about these harmonic patterns but too late to open short positions on long term basis. Good luck

Note

I found very interesting post on copper. Do refer

May be the wave b) ended @ 2.629 and expecting bounce to 3.000..

Note

So it made corrective move towards 2.85 and slumped down, confirming the continuation of previous downward trend. expect more alternative fall.

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Brilliant continuation of downtrend. For now we can see some consolidation with range trades and will attracted downwards for target of $2.2.

Trade closed: target reached

WHOA !! like this was butter below 78%

robus

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robus