FxWirePro: Copper forms bullish Gartley pattern, good to buy at dips
Harmonic Pattern- Bullish Gartley Pattern Potential Reversal Zone (PRZ) – 2.020 Copper is expected to complete its Bullish Gartley pattern at 2.020 level. The commodity has declined till 2.037 and slightly jumped from th…
Copper is expected to complete its Bullish Gartley pattern at 2.020 level. The commodity has declined till 2.037 and slightly jumped from that level. It is currently trading around 2.068.
On the lower side major support is around 2.020 and any break below targets 2/1.950/1.930.The minor support is around 2.05/2.0350.
The commodity is facing resistance at 2.1350 (55 day EMA) and any break above targets 2.180/2.200.
Overall bearish invalidation only above 2.300.
It is good to buy at dips around 2.020 with SL around 1.980 for the TP of 2.1350/2.1800/2.200
