aadeojo

Cup and Handle Formation

OANDA:XCUUSD   铜差价合约(美元/磅)
Bullish Cup and Handle Formation was successfully completed, this trend seems to be dominated by tons of selling action. Attempted to short this feeling it was overextended, the buying pressure stopped me out within hours. Looking for buyers to sell off positions, due to human behavior I believe some buyers might want to lock in the gains. Sellers were only slightly successful a couple weeks ago, and created some doubt for this uptrend. Confident that this trend is overextended.

given the markets are psychological one can ask

-Would I sell my copper             right now, or would I hold on it?

answers
-if i was holding it for a year, I'd sell all I could, this should show a behavioral correction in the future, not to mention a test of upwards resistance at the 3.29 level
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