$6 Copper by 2026
An update for my last copper theory based off trade pattern
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a second pullback before seeing ~$5.8.
Local price action (todays prices) in sellers has slowed down drastically at the same time buyers are building a solid support zone.
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a second pullback before seeing ~$5.8.
Local price action (todays prices) in sellers has slowed down drastically at the same time buyers are building a solid support zone.
Note
So far on track almost exactly to ghost channel. Price is now at $4.6 like predicted, lets see how far copper can go according to this setup.Do we see sideways action and pullback for a few more months, or does price head straight up to $5.5 from current pattern formation?
Note
Copper is on schedule and needs to hold this 4 Dollar liquidity zone.
NathanAL
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.
NathanAL
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.