COPPER extending a Bullish Leg to the 7-month Resistance.
Copper (HG1!) has been trading within a Channel Up since the August 07 2024 Low and the last two days has resumed the uptrend, invalidating the Jan 17 rejection. This suggests that the current rally is the latest technical Bullish Leg and should be extended to the top of the pattern for a Higher High.
Until then however, there is Resistance Zone 1 to consider, which is holding since June 2024, so we will be going for less risk, targeting 4.6550.
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Until then however, there is Resistance Zone 1 to consider, which is holding since June 2024, so we will be going for less risk, targeting 4.6550.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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🔥New service: next X100 crypto GEMS!
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