Copper has rallied back to the 50 50% harmonic level from the recent decline and also hit the first target of the double bottom again setting up a potential double top pattern on the 4 hour timeframe. The trend is still up and the next 2 targets are still in play for the double bottom but I will be watching closely in case the double top triggers on the 4 hour basis potentially causing a bigger pullback. - Mike
Published Apr 16, 2025Updated Apr 16, 20252 min read
Copper has rallied back to the 50 50% harmonic level from the recent decline and also hit the first target of the double bottom again setting up a potential double top pattern on the 4 hour timeframe. The trend is still up and the next 2 targets are still in play for the double bottom but I will be watching closely in case the double top triggers on the 4 hour basis potentially causing a bigger pullback. - Mike