Entry Price : 2.530 Target : 2.420 SL : Move to breakeven when it goes down.
After a nice Copper setup, we must wait for price entry and follow the rules that are on chart ! Gluck !
Once wave C is over, a bearish reversal should occur. It seems to be too late to join the bulls now.
Copper shows very harmonic long term trading potions started from last Jun , wish butterfly will be valid as well.
coming to an end the downward trend, but it can go further,
MULTIPLE TOP IN 60 MINUTE CHART, ALSO TRENDLINE BREAKOUT, SL & TARGET IN CHART,,,
Took a look at copper, target and criticals are in the chart. Will wait for retest upper MLH before i enter (or, alternatively for zoom and retest of old (grey) median) . Stop would ideally be above pivot. Target 1: bottom channel, target 2 base WRB, target 3 downsloping median.
Great HVF setup here on Copper. Expecting a sharp sell off all the way to about 1.950s level. Amazing Risk/Reward, about 13.5/1.
I would short this right away. With a tight stoploss.