Long

Updated

Copper $CUUUSD Inverted Head and Shoulders - LONG

Inverted head and shoulders action for copper to signal the end of a minor pullback and continuation of uptrend.

Positive angles and tilts in price action suggest uptrend is intact.

$CUUUSD

Note

bullish bounces @ 50 RSI to reinforce positive price action

Note

formation of right side with positive tilt on the dip

Note

BTFD

Note

drop on right shoulder appears to have a negative tilt, (high) peak in reversal wave is critical for confirmation of continuation trend

Note

blocked by metals tariff issues in politics. ouch

theguardian.com/us-news/2018/mar/08/donald-trump-metal-tariffs-trade-war

Related publications

Silver Accumulation Phase - Wyckoff Analysis - 3D TF - $XAG

Copper Rally - Wyckoff Analysis 5D TF - LONG - $CUU

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.

Related publications

Silver Accumulation Phase - Wyckoff Analysis - 3D TF - $XAG

Copper Rally - Wyckoff Analysis 5D TF - LONG - $CUU

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.