Copper - Continuation Down?
Copper made a significant move down. I've taken a fib-pull from the high of the large move down to our lowest low (1 at the high, 0 at the low). From that move, price is now hovering around the 0.382 after a 20% rally.
I've often noticed that the 0.382 level is a good place to find price rotation. Because I've that, I'm curious to see if Copper turns lower from here.
I've often noticed that the 0.382 level is a good place to find price rotation. Because I've that, I'm curious to see if Copper turns lower from here.
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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.