Copper: Bullish Move From Key Level

29 апр. 2022 г.

Copper reached a very peculiar confluence zone:
we see a perfect match between a horizontal daily demand area,
618 and 786 retracement levels of the last two bullish impulses.

Analyzing the candlesticks, we may spot a nice dodji candle being formed on that structure.

Then, analyzing an intraday perspective, I spotted a bullish breakout of a falling wedge pattern formation.
I assume that it will trigger a bullish move.
Resistances on focus: 800 / 805

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