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Is copper ready to move higher?
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ticker lesson
Breakdown
0:00COP· ticker
Copper — 1.5% weekly gain, 78% cutoff, parallel channel
- 1.5% weekly gain
- 78% cutoff breached
- Parallel channel formed
- Charlie Brown shirt pattern likely
- Bias toward upward move
0:01COPX· ticker
COPX — 6% weekly gain, position on red line
- 6% weekly gain
- Position on red line
- Above rising 200-day MA
- Decent buy opportunity
0:02lesson
Charlie Brown pattern and moving average signals
- Charlie Brown pattern likely next week
- Rising 200-day MA = good buy time
- Retracement levels guide entry
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