COPPER, OMG!
In my previous idea, I predicted that we might be in for a short downward retrace before going up.
Seems like I was not completely right. The bullish trend was so powerful that the retrace only lasted for less than a day when the price hit the top.
Regarding the present scenario, I'm predicting that tommorrow will be the best time to get out. This is a safe spot to close a trade without much risk. If you're interested in taking a higher risk, then start hunting for 'indications' to close your long in shorter term charts.
This chart might have reached it's peak.If it moves higher, then understand that it is fueled by greed.
Seems like I was not completely right. The bullish trend was so powerful that the retrace only lasted for less than a day when the price hit the top.
Regarding the present scenario, I'm predicting that tommorrow will be the best time to get out. This is a safe spot to close a trade without much risk. If you're interested in taking a higher risk, then start hunting for 'indications' to close your long in shorter term charts.
This chart might have reached it's peak.If it moves higher, then understand that it is fueled by greed.
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