On the 30 minute chart you can see the double bottom near 46.00 and the volume ramp showing demand at 46-47 level as well as volume ramping as it cleared 53.50.
I absolutely believe that price movement patterns are being repeated. They are recurring patterns that appear over and over, with slight variations. This is because markets are driven by humans -- and human nature never changes. - J.L.
$FCX pulling in today and bouncing off 50dma.ReplyDelete