🚀 Copper Breakout Potential 🚀
Asset: Copper ($3.86318)
1. Mirroring Silver: Copper, like Silver, has formed a symmetrical triangle pattern, but with a shorter timeframe of 2.5 years. This pattern similarity across assets can be significant.
2. Crucial Zone: Copper is currently trading within a narrow range near its resistance level. This zone highlights the impending breakout decision.
3. Breakout Trigger: A convincing break above the 3.89 level would confirm the triangle breakout and signal potential bullish momentum.
4. Upside: If the breakout is sustained, Copper could climb towards the 4.20 - 4.44 range. These levels might act as potential resistance areas.
5. Consolidation Alternative: Failure to break above 3.89 might lead to consolidation between 3.67 and 3.90, indicating a period of reassessment by traders.
🚨🚫 Disclaimer:
This analysis is for educational purposes only and not financial advice. The author is not a SEBI-registered financial advisor. It is recommended to conduct thorough research and consult certified financial professionals before making investment decisions. #Copper #BreakoutChart #TechnicalAnalysis 📊📈🔍
Asset: Copper ($3.86318)
1. Mirroring Silver: Copper, like Silver, has formed a symmetrical triangle pattern, but with a shorter timeframe of 2.5 years. This pattern similarity across assets can be significant.
2. Crucial Zone: Copper is currently trading within a narrow range near its resistance level. This zone highlights the impending breakout decision.
3. Breakout Trigger: A convincing break above the 3.89 level would confirm the triangle breakout and signal potential bullish momentum.
4. Upside: If the breakout is sustained, Copper could climb towards the 4.20 - 4.44 range. These levels might act as potential resistance areas.
5. Consolidation Alternative: Failure to break above 3.89 might lead to consolidation between 3.67 and 3.90, indicating a period of reassessment by traders.
🚨🚫 Disclaimer:
This analysis is for educational purposes only and not financial advice. The author is not a SEBI-registered financial advisor. It is recommended to conduct thorough research and consult certified financial professionals before making investment decisions. #Copper #BreakoutChart #TechnicalAnalysis 📊📈🔍
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Learn Today for Better Tomorrow
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.