Tuesday, April 17, 2012

Dr. Copper looks bearish

Could Dr. Copper be signalling a Chinese hard-landing? Here is a bearish looking chart with a massive Head & Shoulders topping pattern.

A NEoWave Contracting Triangle (A > C > E) with Reverse Alternation (D > B instead of the usual B > D) is shown. 

Alternative counts like a  multi-year Contracting Triangle or Ending Diagonal are also possible.

1 comment:

  1. sir plz provide updation on natural gas, plz sir... it is going down daily making newer n newer low, i m watching your blog daily... but not finding update on natural gas.......plz update sir

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