Copper close to complete the measured move!
Updated
Copper has a healthy stair-step trend, with mid-term consolidations after big rally's, as drawn in chart.
We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation.
Risk Management
I will tight my exits to the 5-day moving average once we complete the measured move. That way I can still be in it if it continues to rally, but will secure my gains which I set in my initial plan.
To see the initial plan and breakout setup, click on related ideas "Copper breaking out"
We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation.
Risk Management
I will tight my exits to the 5-day moving average once we complete the measured move. That way I can still be in it if it continues to rally, but will secure my gains which I set in my initial plan.
To see the initial plan and breakout setup, click on related ideas "Copper breaking out"
Trade closed: target reached
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