Copper Bull Triangle Thesis
I think copper is forming an ascending triangle, and I circled all the times it touched the top of the triangle. Currently, on the 4hr, there's hidden bullish divergence at the same time as bearish divergence, but the overall trend is bullish. If it breaks out here, it will follow Path 1, where it breaks out to the pink trendline where we had two previous highs, gets rejected, retests the breakout zone, and then keeps going. If not, it just rejects at the top of the triangle and comes back down to retest the up-sloping trendline, eventually working its way to a breakout.
This is my thesis. If you have any corrections or questions, please comment.
Just mapping what I see and would like to see.
Thanks!