Copper (HG1!) - Idea
hey guys,
Yearly inside Bar - possible continuation of uptrend. 4.6400 is THE level to break on a Yearly close.
Quarterly: Bearish Candles with a long wick. --> Setup is Bearish
Monthly: A shooting star with a bearish Engulfing Candle. Stochastics Bearish -> at a yearly Key Level.
This confirms the Quarterly Bearish Bias …
Bearish Setup:
Sell at a valid Resistance level with a goal to retest the 4.000 and 3.5400 area.
Note: This bearish Setup will be invalid with a close above 4.4600 on the Monthly Chart.
Thanks for reading
Yearly inside Bar - possible continuation of uptrend. 4.6400 is THE level to break on a Yearly close.
Quarterly: Bearish Candles with a long wick. --> Setup is Bearish
Monthly: A shooting star with a bearish Engulfing Candle. Stochastics Bearish -> at a yearly Key Level.
This confirms the Quarterly Bearish Bias …
Bearish Setup:
Sell at a valid Resistance level with a goal to retest the 4.000 and 3.5400 area.
Note: This bearish Setup will be invalid with a close above 4.4600 on the Monthly Chart.
Thanks for reading
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