Copper – Bear Trap Brewing ???


Is  a major bear trap brewing in Copper? Have a text book zig-zag pattern off the 2.3235 high. If this count is correct Copper has the potential to better the 2.3235 high in the coming days. To set the stage for such a rally bulls will need to carve out a bottom in front of the 1.9355 low. Bears on the other hand need to take out 1.9355 to void this pattern and revive the prevailing down trend.thumbnail of 160610 Copper chart blog