Micro Copper Futures Headed to ~6 dollars
The daily chart should be headed to ~5 and then ~6 dollars give or take. It already has a confirmed double bottom that is currently re-testing its neck after reaching the top of the larger wedge here and getting stopped there.
If LTFs moves down to re-test 4.27 or even a pullback below it around the EMAs occurs, and these levels are held or reclaimed as supports, that would be a successful re-test of the double-bottom's neckline.
That double-bottom's initial target would lead to a breakout of the larger wedge, after a failed breakdown (making it more likely already).
A daily wedge break targets $5.97 as its initial take profit target, around $5.14 as the halfway point towards it.
Good luck!
If LTFs moves down to re-test 4.27 or even a pullback below it around the EMAs occurs, and these levels are held or reclaimed as supports, that would be a successful re-test of the double-bottom's neckline.
That double-bottom's initial target would lead to a breakout of the larger wedge, after a failed breakdown (making it more likely already).
A daily wedge break targets $5.97 as its initial take profit target, around $5.14 as the halfway point towards it.
Good luck!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.