Watch This Chart: This Metal Is About to Shoot 70% Higher

[Money Trends with Andy Krieger]( Welcome to Money Trends! If this is your first time reading one of our issues, learn more about us [here](. And if you have any questions or comments, shoot us a note anytime [here]( or at feedback@andykriegertrading.com. Watch This Chart: This Metal Is About to Shoot 70% Higher By Imre Gams, Editor, Money Trends On April 20, crude oil prices went negative for the first time in history… setting off a 300% move to the downside. We saw something similar with lumber this year… From a low of $251 at the end of March, it skyrocketed to $945 on September 10 – a move of more than 270%. It’s because of opportunities like these that I love trading commodity futures. And today, there’s another commodity setting up for a big move higher. I’ll show you what I mean below… along with the best way to take advantage of it… Taking Advantage of High Volatility The commodities markets are prone to extreme periods of high volatility – that is, big swings in the prices. That’s true whether we’re looking at a price chart of agricultural commodities… energy… or precious or base metals. The two examples above are a case in point. But these kinds of gains are not for everyone… You see, I think of volatility as the personality of the market. And one of the keys to your own trading success is to trade a market with a personality that matches your own. Some excellent traders I know don’t like trading high-volatility environments. But I here’s why love it… When volatility is low, you could get stopped out of a trade and then be forced to sit on your hands for a while until another setup forms. But when volatility is high, you don’t run into that problem. If you get a trade wrong, you’ll have another opportunity in short order. This brings us to an opportunity I have been waiting quite some time for in the copper markets – and an important tool every trader should have in their toolkit… An Indispensable Tool for Traders I have been tracking a triangle pattern in copper futures since early 2019. And finally, it’s very close to triggering… But before I show you the charts, I can’t emphasize this enough: Triangles should be an integral part of every trader’s toolkit. They can help us predict when something big is around the corner. For example, Andy and I used the triangle to predict the surge in global market volatility in early 2020 – which gave our Big Trades subscribers the chance to book gains as high as 104%... 113%... and 299% in a matter of weeks. One of the hallmark characteristics of the triangle pattern is that, overall, it moves sideways. This almost always happens with gradually contracting volatility. Now, there’s one thing we know for sure about volatility… Periods of low volatility are followed by periods of high volatility. The same is true the other way around. Higher volatility eventually exhausts itself, giving way to lower volatility. But how do we time that change in volatility? Most triangles have what is called an apex. That’s the point where the lines of the triangle cross one another. The closer we get to that apex, the higher the likelihood we’ll see a burst of energy. And as you’re about to see, today’s opportunity is happening very close to the apex. But what I’m also really excited about is that this opportunity is taking shape on the monthly charts. Why is this important? Let me explain… Setting Up for a Big Move Higher The market is a fractal entity. In plain English, that means similar patterns in buying and selling activity repeat themselves over and over across different time horizons. This means you will see triangle patterns occur on everything from the monthly charts down to a one-minute chart. But the monthly charts are especially important. When a pattern takes place on a higher timeframe like the monthlies, we can expect to see a bigger move. Which is why I’m so excited that this triangle is taking shape on a monthly timeframe. It means there will be plenty of opportunities to trade this pattern along the way to its final destination. This is perfect for active traders. Let’s take a look at the chart… The structure of the triangle gives me a firm idea of where the price will go next. As you can see in the chart, I expect copper to climb to just over 5.5000. Now, as I write this, the triangle has yet to break out. Remember, my entry trigger for triangles is taking out the extreme of Wave D, marked on the chart. With copper, this comes in at 3.3220. (For a refresher on waves and the Wave Principle – also known as Elliott Wave Theory – see the [September 4 Money Trends]( If we can establish a foothold above this price, I’m confident we’ll see the thrust out of the triangle continue higher. Overall, we could see a move of almost 70%. With such a large expected move, there will be several opportunities to take profits on the way up, as well as chances to find new entry points. But how do you find the best entry and take-profit levels? I’ll leave you with a tip… I like to use the lower timeframes to pick entry and stop points. And I like to use the higher timeframes – such as the weekly or monthly chart – to pick targets. This maximizes the risk-to-reward potential on a trade. And today, it looks like copper is setting up very nicely for such conditions. Regards, Imre Gams Editor, Money Trends --------------------------------------------------------------- Like what you’re reading? Send your thoughts to feedback@andykriegertrading.com. [Money Trends with Andy Krieger]( Andy Krieger Trading 55 NE 5th Avenue, Delray Beach, FL 33483 [www.andykriegertrading.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This email was sent to {EMAIL} because you subscribed to this service. If you no longer wish to receive emails from Money Trends with Andy Krieger, [click here](. Andy Krieger Trading welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-206-3481, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@andykriegertrading.com). © 2020 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](