What I have found with indicators is they often show divergence and a bounce. Then the market resumes the trend. Until the last one. I believe it has to do with the indicator and size of chart(number of bars) being used.

Support and Resistance are good, but every plank breaks from use at some point is my view.

I am seeing copper as wave two finishing up. that appears support and resistance on both sides

In studying waves. I have found most often the markets end on a charge. That is a -c- impulsive wave ending. It scares many traders and rightfully so. I guess a warning to be careful. Yet, it scares many to never trade it.

This market may form a double top or stop here.

Personal opinion is based mostly on the retrace pattern. These happen at fourth waves or -c- waves. Since the market went up since then. It is most likely a fourth wave there with an extended fifth wave following.

So I favor a short in this area. Looking for market to break last support and most likely into the 153 area?

When it hits the upper trend line--I want to short. There is no support underneath this so any consolidation should drop too. Giving the analyst more data to confirm the opinion or deny it.

If it does not hit the line then look for a -1-2- pattern to short. Watching this one closely to get in on short.