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Copper: One Pretty Bearish Scenario (Update)
Update: Copper has been under heavy pressure recenrtly, managed to to break the ascending support for the latest bullish correctional structure, i am expecting a quick and initial move towards 2.985.
Earlier Analysis (tradingview.com/v/2hbylllo/ ): Major long term bearish head and shoulders has a target around 1.5.
Note: what i don't like about this pattern, is that it doesn't follow well the relativity concept, i mean the pattern is more than 50 percent bigger than the prior trend, in terms of amplitude and time.
twitter.com/thefxchannel
thefxchannel.com
Earlier Analysis (tradingview.com/v/2hbylllo/ ): Major long term bearish head and shoulders has a target around 1.5.
Note: what i don't like about this pattern, is that it doesn't follow well the relativity concept, i mean the pattern is more than 50 percent bigger than the prior trend, in terms of amplitude and time.
twitter.com/thefxchannel
thefxchannel.com
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