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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (723)	3/30/2021 7:25:54 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 4392

DR COPPER - This industrial metal supposedly tells us more about current and future economic activity than any other. Maybe it's time to have a look and see if the chart is ratting out the future of this bogus economy. Sure enough, a very dire l-t outlook can be gleaned from the 15 year chart below. A massive symmetrical triangle (ST) formed and completed during the 12 years following 2008, and the recent break above $2.90 is creating a "bull trap" as price rises to the target of the ST, $6.25. So the pattern projection mandates a healthy s-t rally from current levels of $4, which dovetails nicely with lumber rallying over 100% near term. But once the $6.25 area is achieved, prepare for a stunning reversal in price.... with a sharp decline most likely below $1 over the following few years. "Every bull market has a copper top", and this one will be no different.