An indicator for the bullish market
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Copper as many already know is used as an indicator for the stock market, NOT the economy.
Chart shows persistent buyers pushing up the price and eventually on 7th attempt, they succeeded.
A good chance to accumulate or get in for those who have not is to wait for the pull back. Now, we won't know how far it is going to retrace but we indicated 3 areas as shown on chart.
Wait for the price to come to you, don't chase. If the price retrace to the 3rd red arrow, around 2.30, you would be in for a pretty heavy paper loss.Even if it rebounds later, watching your portfolio turning red daily is not a good thing.
Let's learn to be more patient with the Market.
Chart shows persistent buyers pushing up the price and eventually on 7th attempt, they succeeded.
A good chance to accumulate or get in for those who have not is to wait for the pull back. Now, we won't know how far it is going to retrace but we indicated 3 areas as shown on chart.
Wait for the price to come to you, don't chase. If the price retrace to the 3rd red arrow, around 2.30, you would be in for a pretty heavy paper loss.Even if it rebounds later, watching your portfolio turning red daily is not a good thing.
Let's learn to be more patient with the Market.
Nota
follow 2nd red arrow nicely..Nota
Praise the Lord
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.