Copper looks bearish also in hand with major indeces. There's obvious correlation between those.
Wait for lower time frame confirmation, im not entering this position yet.
It friday and we got Monthly Close.
In this case, it makes sense to see price rally higher to create judas swing to create O and H phase of OHLC (Open, High, Low, Close) Bearish Monthly Candle.
After OH, we expect L to be formed, thus we expect displacement - expansion lower.
Wait for lower time frame confirmation, im not entering this position yet.
It friday and we got Monthly Close.
In this case, it makes sense to see price rally higher to create judas swing to create O and H phase of OHLC (Open, High, Low, Close) Bearish Monthly Candle.
After OH, we expect L to be formed, thus we expect displacement - expansion lower.