Attached: COPPER/ SILVER Daily Chart as of 20th June 2023
The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today
Within the Commodity space it appears that Base Metals are doing better than Precious Metals
And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow)
Technical Indicators also confirm the BO:
- RSI above 60
- MACD in Buy Mode and Above 0 line
- DMI in Buy Mode and ADX starting to Turn up
The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today
Within the Commodity space it appears that Base Metals are doing better than Precious Metals
And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow)
Technical Indicators also confirm the BO:
- RSI above 60
- MACD in Buy Mode and Above 0 line
- DMI in Buy Mode and ADX starting to Turn up
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。