COPPER:Short by the 0.618 and 1.618EXT
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The market has soared in last three weeks and the price has entered a very important zone.
The 0.618 retracement of previous decline is at 2.56 level and 1.618EXT of previous rise is also at the same level.
Meanwhile a previous structure also works at this zone.
So it is good to sell short at 2.56-2.63 levels when bearish candles appear.
SL:above 2.63
TP1:2.30
TP2:2.08 and further more
The 0.618 retracement of previous decline is at 2.56 level and 1.618EXT of previous rise is also at the same level.
Meanwhile a previous structure also works at this zone.
So it is good to sell short at 2.56-2.63 levels when bearish candles appear.
SL:above 2.63
TP1:2.30
TP2:2.08 and further more
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