Chart Pattern Analysis Of Copper.

6月6日

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

6月13日

交易結束：達到停損點

6月17日

註釋

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

6月23日

註釋

K3 failed to close upon K1 under higher demands.
It seems that the market here is still trapped by the nearest consolidation trend.
If K4 could keep the bullish momentum to close upon K1 or break 888USD,
Another bull run will start here.

On the other hand,
If K4 is a doji candle or break down the uptrend line,
The risk will increase,
A sharp price correction may push the market to test 850USD area.

6月24日

註釋

K3 starts with a bull gap,
If it close upon K1,
That will be a final signal of a valid break up.
It will be a good place to buy it then.

Long-888/Stop-880/Target-920

7月12日

註釋

After a decreasing demands,
Followed an increasing supply pressure.
It verified a fact that the resistance is effective.
So, a consolidation around the resistance will carry on from K5.
That will be a wast of time if I stay in the market.
It is a good idea to cut off loss here.

On the other hand,
It is also possible that a sharp price correction will come up from K6 if K7 start with a bear gap.
The potential support at about 0.5-0.618fib area.