Copper may rally from 2.129-2.134 because the Butterfly Pattern
1.1.27XA at 2.19
2.1.13AB=CD at 2.134
3.the long time downtrend support line
4.RSI still divergent
we can put the SL a little bit below 1.618BC=2.096,i think 2.09 would be appropriate
tp1:2.268
tp2:2.354
tp3:2.493
I know the copper has declined for a long time ,maybe it's a good idea to short when the price rallies.But when the downside trend goes extremely to the area where our harmonic pattern will effect more or less ,it would be a good opportunity to try,which have a great PLR
2.1.13AB=CD at 2.134
3.the long time downtrend support line
4.RSI still divergent
we can put the SL a little bit below 1.618BC=2.096,i think 2.09 would be appropriate
tp1:2.268
tp2:2.354
tp3:2.493
I know the copper has declined for a long time ,maybe it's a good idea to short when the price rallies.But when the downside trend goes extremely to the area where our harmonic pattern will effect more or less ,it would be a good opportunity to try,which have a great PLR
Note
Trade activedNote
After breaking through our SL ,the pirce quickly went back from 2.067,we can see the 1.618BC is a strong position,we might keep it as long as the price stay above 1.618BC shown on the chart.It has proven the truth that Patiance in the Market is critical.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.