Short
Copper possible rebound over Fibonacci resistance
Copper has been moving quite in accordance with Fibonacci (two different traces).
The general trend is bearish, so the most probable outcome is a rebound on the Fibonacci resistance.
We will wait for confirmation - rebound and closed daily candle below the resistance.
The general trend is bearish, so the most probable outcome is a rebound on the Fibonacci resistance.
We will wait for confirmation - rebound and closed daily candle below the resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.