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we currently have a rising wedge and slight divergence - I'm watching for a break below the lower portion of the wedge
following from the analysis on the 14 March. currently in a key area, awaiting a reversal/ break to confirm. May push down to the 50% fib level. patience.
watch for a reversal in this range.
I think we could see a large movement down for Copper in the next few months.
Awaiting a strong breakout on this pair to confirm structure
This pair is at a significant level of resistance. Await confirmation as to whether price action will break resistance or roll over back to the resistance line.
Any additional thoughts?
Perfect - Target hit
Looking at an irregular cup shape which may lead to a handle. RSI is oversold expect a pull back as illustrated.
are we looking at a new bearish run for the FTSE 100 ?