TraderEye Market View: The price of aluminum is showing signs of strengthening with a W type technical pattern

Tuesday, June 18, 2024

The price of aluminum is showing signs of strengthening with a W type technical pattern - Follow up 2

After a prolonged process of the formation of a shark-type harmonic pattern on the 4-hour chart, it is evident that we have reached the 1.13 reversal level and from here we expect the price of aluminum to strengthen.

Attached is a 4-hour graph of the price of aluminum showing the harmonic bull shark pattern:

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