COPPER is falling towards the support level which is a pullback support that align with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 4.2646 Why we like it: There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 4.2003 Why we like it: There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
Take profit: 4.3858 Why we like it: There is a pullback resistance level that lines up with the 138.2% Fibonacci extension.
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