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Why did I buy COPX while expecting copper to move lower?
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ticker lesson
Breakdown
0:00Copper· ticker
Copper — down 3.2% weekly, topping tail
- Copper down 3.2% weekly
- Nice topping tail weekly chart
- Bias down short term
- Bounce Friday, continuation uncertain
0:01COPX· ticker
COPX — down 1% weekly
- COPX down 1% weekly
- Nice setup, then retracement
- Retracement between 50 and 61.8%
- Not favorite setup
0:02Copper· ticker
Copper — 200-day MA bounce
- Copper bounced Friday
- 200-day MA level
- Small position taken
- Notice to premium members
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