Inverted Head-and-Shourlders Pattern on Copper 4-Hour Chart
The yellow lines mark the ”shoulders” of the chart. A breakout would occur if the price goes above the neckline (the top yellow line). Traders should not jump in immediately in case of a breakout and should wait till the pattern is confirmed. If the price reaches the level marked by the cyan line, that would a time to enter a long position with the objective at the level shown by the green line.
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If you have any questions or comments regarding this chart pattern for copper, please feel free to reply below.