COPPER SWING TRADE IN MAKING
COPPER IS ABOUT TO BREAK RECENT BEAR FRACTAL THAT WAS FORMED DURING UPTREND.
SMALL DIVERGENCE FORMED BETWEEN 2 PEAKS. 2ND PEAK IS HIGHER THEN 1ST PEAK.
ONCE THIS BEAR FRACTAL IS BROKEN (CANDLE IS CLOSED, STILL HAS 3 MORE HOURS TO CLOSE)
THIS ALL THING HAPPENED AT 1.618 FE
FOR LEYMAN TO UNDERSTAND
1) FIB 1.618 FE IS GOLDEN RATIO
2) THIS INSTRUMENT WAS MAKING BULL FRACTAL AND BREAKING IT. THIS SIGNIFIES UPTREND.
3) YOU CAN SEE 2 PEAKS AND IN BETWEEN A BEAR FRACTAL, INSTRUMENT CORRECTED TO FORM BEAR FRACTAL AND TRIED TO HIGHER BUT FAILED TO DO SO AND CREATED TWIN PEAKS. WHEN THIS TWIN PEAKS FORMED ULTIMATE OSCILLATOR SHOWED DIVERGENCE, MEANING UPSIDE LOOSING ITS MOMENTUM TO MOVE UPSIDE.
4) FOR FIRST TIME IN RECENT TIME WE SEE BEAR FRACTAL TO BE BROKEN (CANDLE IS LOOKING TO CLOSE BELOW BEAR FRACTAL), IF THAT HAPPENS THEN INSTRUMENT WILL CONFIRM MOMENTUM LOSS THAT DIVERGENCE SHOWED US MUCH EARLIER.
5) COMBINING THIS 2 UPSIDE MOMENTUM LOSS AT KEY GOLDEN RATIO IT IS CLEAR THAT INSTRUMENT WON'T MOVE HIGHER FROM HERE ONCE IT CLOSES BELOW BEAR FRACTAL.
6) HENCE THIS IS CLEAR SELL SETUP.
PUT STOP LOSS AS PER YOUR TRADE PLAN.
TARGETS
TARGET 1 - FIB 61.8 RETRACEMENT OF ENTIRE ABCD LEG
TARGET 2 - FIB 1.272 EXT OF ENTIRE ABCD LEG
TARGET 3 - FIB 1.618 EXT OF ENTIRE ABCD LEG
SMALL DIVERGENCE FORMED BETWEEN 2 PEAKS. 2ND PEAK IS HIGHER THEN 1ST PEAK.
ONCE THIS BEAR FRACTAL IS BROKEN (CANDLE IS CLOSED, STILL HAS 3 MORE HOURS TO CLOSE)
THIS ALL THING HAPPENED AT 1.618 FE
FOR LEYMAN TO UNDERSTAND
1) FIB 1.618 FE IS GOLDEN RATIO
2) THIS INSTRUMENT WAS MAKING BULL FRACTAL AND BREAKING IT. THIS SIGNIFIES UPTREND.
3) YOU CAN SEE 2 PEAKS AND IN BETWEEN A BEAR FRACTAL, INSTRUMENT CORRECTED TO FORM BEAR FRACTAL AND TRIED TO HIGHER BUT FAILED TO DO SO AND CREATED TWIN PEAKS. WHEN THIS TWIN PEAKS FORMED ULTIMATE OSCILLATOR SHOWED DIVERGENCE, MEANING UPSIDE LOOSING ITS MOMENTUM TO MOVE UPSIDE.
4) FOR FIRST TIME IN RECENT TIME WE SEE BEAR FRACTAL TO BE BROKEN (CANDLE IS LOOKING TO CLOSE BELOW BEAR FRACTAL), IF THAT HAPPENS THEN INSTRUMENT WILL CONFIRM MOMENTUM LOSS THAT DIVERGENCE SHOWED US MUCH EARLIER.
5) COMBINING THIS 2 UPSIDE MOMENTUM LOSS AT KEY GOLDEN RATIO IT IS CLEAR THAT INSTRUMENT WON'T MOVE HIGHER FROM HERE ONCE IT CLOSES BELOW BEAR FRACTAL.
6) HENCE THIS IS CLEAR SELL SETUP.
PUT STOP LOSS AS PER YOUR TRADE PLAN.
TARGETS
TARGET 1 - FIB 61.8 RETRACEMENT OF ENTIRE ABCD LEG
TARGET 2 - FIB 1.272 EXT OF ENTIRE ABCD LEG
TARGET 3 - FIB 1.618 EXT OF ENTIRE ABCD LEG
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