Sunday, July 10, 2011

Harmonic Copper

The time price harmonics are interesting for copper. Note how price met harmonic support and resistance when the time cycle was also at a harmonic 'sweet spot'.

2 comments:

The Hook said...

what exactly are you saying? up or down?

Fibocycle said...

massive support at the 240-270 degree level--recent consolidation. Path of least resistance is up until it tests the highs.
Next time harmonic is at 600 degrees--240 degrees of the new cycle.