XCUUSD mark up for week of 2/10/19
I am expecting price to react bullish off of the 0.382 fib level the way it has in the past. Price should then go on a stop hunt up into the lighter red area to stop out sellers before falling... With a massive head and shoulders forming on the weekly, I am expecting price to potentially fall below 2.63000 but partials should be taken at this level and SL should be moved below entry. During economic crashes in the past, copper seems to fall steeply before turning around and staying bullish throughout the crash (as seen in sept. 2008 to december 2008). This is a solid confirmation for the extreme bearish future for copper as shown on this markup.
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