With the wonderful PnF charting available @ StockCharts.com, lets have a look at the tentative bullish price objectives of the commodity copper.
Three Tentative Bullish Price Objectives taken from the most recent basing pattern are shown.
I believe the software at StockCharts.com calculates vertical counts. My reasoning for that is , the vertical count taken from the LOW POLE (in Yellow) gives us the same objective as the software. But in addition to that, there are another two horizontal counts which I took. All of these counts are valid and active. It will be interesting to see how close the commodity copper may get to them.
Average of all three counts are @ $2.64
Q. Are we in the beginning of a new commodity bull run I keep asking myself ?
A. That is what our charts may be telling us.
Box Size 2 Cents,H/L,3Box,Daily PnF Copper chart below courtesy of StockCharts.com.
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