Copper has went into a notable downtrend from the last posting of the harmonic bear entry.
www.tradingview.com/...Il-Copper-butterfly/
I did not know it at the time of making this forecast (In fact, I looked at copper because a friend of mine has a lot of it for scrap and I was trying to explain to them why it would be a good time to cash it in, which they never) but since making this forecast I've read copper bear markets have preceded all major recessions.
It's not the case that all copper bear markets have resulted in recessions. The signal has about a 60 - 70% hit rate. But that's interesting enough inside of the larger context of different types of crash warning signals for the indices.
www.tradingview.com/...Il-Copper-butterfly/
I did not know it at the time of making this forecast (In fact, I looked at copper because a friend of mine has a lot of it for scrap and I was trying to explain to them why it would be a good time to cash it in, which they never) but since making this forecast I've read copper bear markets have preceded all major recessions.
It's not the case that all copper bear markets have resulted in recessions. The signal has about a 60 - 70% hit rate. But that's interesting enough inside of the larger context of different types of crash warning signals for the indices.