The L-MLH is a most likely support.
This support is breached in Copper, and a fllow through would indicate way lower prices.
What I really like in this Chart is the tiny pullback to the L-MLH, since this is totally expected after a breach of it.
Arrows mark potential targets.
This support is breached in Copper, and a fllow through would indicate way lower prices.
What I really like in this Chart is the tiny pullback to the L-MLH, since this is totally expected after a breach of it.
Arrows mark potential targets.
Trade active
Since I posted the idea, price jumped above the CL and back below again.Really nervous this market.
Let's go for a short down to the Warning-Line (PTG1) and then to the red Center-Line (PTG2).
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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.