McQuant

Is Copper forming Bearish Bat?

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FX:COPPER   銅差價合約
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We could see that copper is possibly forming bearish bat. RSI just crossed its 50% level and price itself is now approaching critical level created by pattern's B point at 3.388. If this point will be breached we can see price going up to D point of ideal bearish bat at 3.699. So going long after some pullback, with 3.699 as target would be trade oppty (in couple of weeks).

Chase value, not price
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