Is Copper the trend reversal indicator ?
מעודכן
IF copper is any indicator of the global economy, then the last 2 weeks of January has been bad !
The price action consists of ONLY mainly red candles showing how aggressive the sellers are pushing the price down.
Are we near the bottom? Possibly. The range is between 2.47222 to 2.5278. So, you can put this in your watch list and monitor. Because the price has been nearly a 90% dive down, the reversal can also be a V shape recovery as well with strong spikes up.
Feeling excited.
The price action consists of ONLY mainly red candles showing how aggressive the sellers are pushing the price down.
Are we near the bottom? Possibly. The range is between 2.47222 to 2.5278. So, you can put this in your watch list and monitor. Because the price has been nearly a 90% dive down, the reversal can also be a V shape recovery as well with strong spikes up.
Feeling excited.
הערה
we are adding longהערה
Praise Lord, moving up nicely. Congrats to those who followed.הערה
2.50 was a strong support level. What a nice bullish engulfing candle, signalling a strong bullish move to come.......goto smaller time frame to longהערה
Feeling disappointed? me too :(As trader, we must always find a positive reason behind every bullish or bearish move. Here, it is still sitting strongly on the support at 2.52 level and so long this level stays, we have a good chance of seeing it rebound.
הערה
2.47 is the new level of support. let's see if the remaining week will have a healthy correction.
כתב ויתור
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