A very accurate chart pattern has just appeared at the Copper chart: the Double Bottom.
The Double Bottom is a strong reversal chart pattern that is especially powerful when it appears at the a local bottom of the commodity, and in this case it appears after a long downtrend which enforces the signal.
Price has also broken the neckline and know is performing a pullback to the neckline. If price will make a bullish candlestick pattern on this neckline we will enter a long trade.
The profit target of this chart pattern is calculated using the measure rule, which is 445 points!
A Wedge chart patttern appeared at the Heidleberg Cement chart.
The Wedge is a reversal pattern that in this case indicates that price will break downwards and start a bearish trend.
If price will hit the resistance level of $35.00 and create a bearish reversal candlestick formation we will enter a short trade.
The Nintendo stock is in a strong downtrend for a long-term, and we can join this downtrend in high-probability locations.
We will enter a short trade in case price breaks the support level of 10300, and in case it pulls back to this level after the breakout.
Good luck to all!