JICPT| Copper likely to rebound from 11% drop(Range measure)

Hello everyone. Copper got my attention of looking for potential long opportunity after dropping by 11% . The reason is as below:
1. Economic recovery(Macro)
2. Price fell from top of range numbered 4 to retest bottom of range numbered 2.
3. solid demand zone with flip structure.
The issue is the red downtrend line. If copper can take that line out, it's likely to challenge previous high.
What do you think? Give a like if you're with me.
1. Economic recovery(Macro)
2. Price fell from top of range numbered 4 to retest bottom of range numbered 2.
3. solid demand zone with flip structure.
The issue is the red downtrend line. If copper can take that line out, it's likely to challenge previous high.
What do you think? Give a like if you're with me.
plan your trade and trade your plan
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plan your trade and trade your plan
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.