Top commodities trader: Little-known pattern says copper has made a significant bottom

Copper has a history with the compound fulcrum pattern

All chartists know about the H&S pattern, triangles, rectangles, trendlines, wedges, etc. But, what about the compound fulcrum? This is a rare pattern originally used with point and figure chartists.

Copper has a history with this pattern. In the 1970s Copper formed the pattern, as shown by the P&F chart I was keeping at the time (yes, I used to keep charts by hand). Copper eventually went to $1.40 from this pattern.

The daily Copper chart is completing an 15-week compound fulcrum, pending a decisive close above the early July high.