$6 Copper by 2026
An update for my last copper theory based off trade pattern
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a second pullback before seeing ~$5.8.
Local price action (todays prices) in sellers has slowed down drastically at the same time buyers are building a solid support zone.
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a second pullback before seeing ~$5.8.
Local price action (todays prices) in sellers has slowed down drastically at the same time buyers are building a solid support zone.
