Copper Rally - Wyckoff Analysis 5D TF - LONG - $CUU
Classic Wyckoff setup. So good.
5-year downtrend led to a Selling Climax, which was followed by and Automatic Rally.
Accumulation period was 1 year.
Spring and Secondary Test followed to start the new rally.
Signs of Strength and LPS combo = rally
"A series of SOS’s and LPS’s is good
evidence that a bottom is in place and Price
Markup has begun."
The rally has started. #BTFD, buy the dips, unload/reload at pull backs at own risk.
Targets: Fib levels displayed on chart.
If fractals play out, it is a slow and steady climb up for the next 2-3 years.
If
COPPER breaks all resistance levels, it could ignite a an intense move upwards before correcting long term.
Note: Copper leads the way for Gold and Silver (lagging the most). This is the pattern
SILVER will eventually show after accumulation.
Copper is used in industrial infrastructure. China is a big player due to economic reasons.
Automotive demand forecast by the International Copper Association: copperalliance.org/wordpress/wp-content/uploads/2017/06/2017.06-E-Mobility-Factsheet-1.pdf
Electric cars
Battery manufacturing
CCU COPPER XXAG SILVER
5-year downtrend led to a Selling Climax, which was followed by and Automatic Rally.
Accumulation period was 1 year.
Spring and Secondary Test followed to start the new rally.
Signs of Strength and LPS combo = rally
"A series of SOS’s and LPS’s is good
evidence that a bottom is in place and Price
Markup has begun."
The rally has started. #BTFD, buy the dips, unload/reload at pull backs at own risk.
Targets: Fib levels displayed on chart.
If fractals play out, it is a slow and steady climb up for the next 2-3 years.
If
COPPER breaks all resistance levels, it could ignite a an intense move upwards before correcting long term.Note: Copper leads the way for Gold and Silver (lagging the most). This is the pattern
SILVER will eventually show after accumulation.Copper is used in industrial infrastructure. China is a big player due to economic reasons.
Automotive demand forecast by the International Copper Association: copperalliance.org/wordpress/wp-content/uploads/2017/06/2017.06-E-Mobility-Factsheet-1.pdf
Electric cars
Battery manufacturing
CCU COPPER XXAG SILVER
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.