Here's my Copper chart. Just came out of a perfect ellipse. When they pop out of the top like that near the right side, I've noticed that they end op trickling down the outside of the ellipse down to the bottom.
CAT does quite well regarding the Fibs. The giant Leading Diagonal would suggest a retracement to the 106 area to the 78.6 fib, although there is a very large gap above 106. Interesting few days ahead for sure.
Yeah, I agree. That's the first time I have ever posted a chart anywhere with numbers on it. This one has been so clear cut regarding the fibs that it's hard to ignore.
And if it's no trouble, could you replace the CAT chart with the updated one that includes the outlining of the Leading Diagonal? Thanks. I was trying to delete some stuff on the chart but inadvertantly deleted the upper border of the wedge.
Excellent charts Steveo.
ReplyDeleteCertainly some agreement with my view on Crude & Copper.
Here's my Copper chart. Just came out of a perfect ellipse. When they pop out of the top like that near the right side, I've noticed that they end op trickling down the outside of the ellipse down to the bottom.
ReplyDeleteCAT does quite well regarding the Fibs. The giant Leading Diagonal would suggest a retracement to the 106 area to the 78.6 fib, although there is a very large gap above 106. Interesting few days ahead for sure.
ReplyDeleteChart by cometo,
ReplyDeleteI wonder if copper can rally while oil tankers
Here's the CAT chart labeled.
ReplyDeleteI don't like EW when it get too convoluted, but that is a clearcut pattern there.
ReplyDeleteYeah, I agree. That's the first time I have ever posted a chart anywhere with numbers on it. This one has been so clear cut regarding the fibs that it's hard to ignore.
ReplyDeleteAnd if it's no trouble, could you replace the CAT chart with the updated one that includes the outlining of the Leading Diagonal? Thanks. I was trying to delete some stuff on the chart but inadvertantly deleted the upper border of the wedge.
ReplyDeleteOK, one last chart for the night. XLK gets a beat down by these resistance lines every time. Lol, it better not gap up over them.
ReplyDeleteOops, forgot the chart.
ReplyDelete