Copper came within
0.80 of my minimum downside target yesterday before roaring back. It closed near its highs creating a tall
lower shadow. This was the first
warning sign that my bearish trade could be in trouble. At that point, stops could have been moved
down to break even. Today, we saw prices
close above a 5 point downward sloping trend line and right back inside the Fib
Fade Zone. A move above 2.70 voids this
pattern and I'd probably exit now it not done at break even.
Tuesday, March 28, 2017
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