This chart was posted Sunday…
Is it real or fake? Does it matter? Watch FCX, RTP, etc…Looks real!
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
“They are usually resolved bullishly.”
Not really, as the triangle is a continuation pattern. It depends on the prior trend. Look at the March trading range – that triangle formation led to a move higher as it followed the bull move in February.
But this current formation follows a decline off the highs. From a purely TA viewpoint, this has bearish implications for copper, especially given the size of the formation.
This stalemate of a market is fertilizer for “breakout fakeouts” = a move out of a formation only to be reversed and head in the opposite direction to fool the masses
Typical perma-bull read, all commodities going deep down. Really deep
perma-bull? grow up…
RTP above $50. FCX approaching $70. Looks real…