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
Comment:
Trade actived
Comment:
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.