Chart Pattern Analysis Of Copper.

6 Haz

https://www.tradingview.com/x/GkbtCvnn/
There are 4 candles close upon the neckline of a potential bullish triangle pattern,
It seems that another bull run will start here.
I am expecting an accelerate motive wave to touch or break up the target line.

On the other hand,
If K4 couldn’t close upon K1 to verify the strong bullish momentum,
It is also possible that a short-term consolidation will carry on from K1.
If the following candles successfully resets the resistance,
It is also a good place to buy it then.

Long-875/Stop-870/Target-920
Long-881/Stop-870/Target-920

5 gün önce

İşlem kapandı: durdurma seviyesi

9 saat önce

Not

It seems that K5 finally chooses to break up the nearest downtrend line,
If K6 expand up to close upon K1,
An accelerate motive wave may may start here.
I will try to buy it if the following candles close upon K1.

On the other hand,
The upper shadow of K5 is still too short,
It seems that the market here is still trapped by the nearest consolidation trend.
If K6 close below K5 immediately,
A bear run may start here to test 850USD area.

Long-878/Stop-874/Target-920
Long-884/Stop-880/Target-920