Copper Supply Zone
Trading In the Zone!
A copper supply zone in trading refers to a price level or area on a chart where there is a significant concentration of selling pressure, leading to a potential reversal or pause in an upward trend. This concept is commonly used in technical analysis, particularly in supply and demand trading strategies.
Key Characteristics of a Copper Supply Zone:
Price Rejection: The zone is identified by previous price action where the price of copper reversed or stalled after reaching a certain level.
High Volume: The zone often coincides with high trading volume, indicating strong selling interest.
A copper supply zone in trading refers to a price level or area on a chart where there is a significant concentration of selling pressure, leading to a potential reversal or pause in an upward trend. This concept is commonly used in technical analysis, particularly in supply and demand trading strategies.
Key Characteristics of a Copper Supply Zone:
Price Rejection: The zone is identified by previous price action where the price of copper reversed or stalled after reaching a certain level.
High Volume: The zone often coincides with high trading volume, indicating strong selling interest.
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