A very important long-term pattern was just formed on Copper . On the 1M time-frame, the MA50 (blue line) and the MA100 (green line) have formed a Golden Cross. Last time that happened was in August 2004. Copper rose by +370% from the MA100 break-out level.

The Cycle seems to be repeated as the Golden Cross has come after the price Double Bottomed last March (2020). Same with the November 2001 Double Bottom . Additionally, the LMACD is replicating the exact same sequence.

For me Copper is a dip buy action on every 1M candle from now on.



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