$FCX - RC -
Added 2023-08-12 10:53:27 +0000 UTCI like how this chart has been forming, very clear flag here with a triangle formation, I prefer the ascending triangle formation as I feel this is more bullish but equally, the trend leading into the flag was upward, so we expect the trend that leaves the flag to continue upward too.....that is the theory.
First test will be breaking to the upside of the wedge at $43 and holding above, next test will be staying above the blue line at $52 and holding, once this is done, it is into the Bull Case and and the impulse wave is confirmed.
A breakdown of the flag and I have Wave B next on the chart.
Comments
Thank you! 💝
Halcyon
2023-08-12 11:35:53 +0000 UTCI like it .. more commods pls 🙏
TommyJR
2023-08-12 10:55:40 +0000 UTC
