Copper Miners: Tested Pattern Top

Copper miners continue to bull

On April 15 we had an NFTRH+ update (Correction is Ending in This Reflation Trade, now public)

Last week I added both COPX and FQVLF (FM.TO) as they tested the support of their pattern tops.

Here’s COPX showing a clear zone below which risk can be managed and above which this inflation trade can be ridden. The way I interpret this is that with the hard smash and whipsaw to, through and back above the SMA 50 in March, there is no near-term need for another such test. That’s why I bought the EMA 20 and pattern top. Now the rest is up to Doctor Copper and the inflationary reflation trades in general.


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