Earlier this weekend I had an X post showing a rising wedge pattern in Copper with waning velocity. Wedges tend to suggest short-to-intermediate trend corrections.
Factor LLC, my trading company since 1981, approaches trading opportunities with a Bayesian philosophy. Consistent with this Bayesian mindset we often intentionally try to create binary technical interpretations of the same chart. Our entire approach to trading attempts toward agnosticism on bull/bear narratives.
The same price history that contained the wedge also displays clearly a market blow-off of some magnitude based on parabolic principles.
It is ALWAYS dangerous trying to pick tops of markets. As a firm trying to pick tops and bottoms is forbidden to traders.