COPX - Copper follows the Fork

Price overshoot the U-MLH of the downsloping Fork, but came back into the Fork.
Now there is a big chance that price will make a nice move to the downside.

Besides COPX I usually doublecheck with the HG1! Futures, and they are in line now.

Curious if it falls down to the Centerline, or if it stops at the L-MLH.

P!

Trade chiuso: obiettivo raggiunto:

That's it - Done...next.

Why I did close it bevor price was at the CL?
Because HG, the copper futures where at the CL already. And COPX did not follow 100% Correlated ;-)

P!

Commento:

...here's the HG1! chart.