Just about a key reversal up and a bullish engulfing pattern …plus we may be on for a pipe bottom…however…there’s limited follow on so far…as a byline…we’ve not yet had a close below the broken nov 2017-to-date uptrend.
Bullish Engulfing Pattern With A Small Follow On Today.
Just about a key reversal down and also a bearish engulfing pattern…though we did not close below the important 38.2% fib at 0.8708…a small follow on today.
A bearish harami and a possible pipe top…though we’ve no follow through today so far…please be aware of the weekly key reversal up two weeks ago.
An indecisive spinning top pattern as the market continues to work between the overhead resistance of the important 50% fib at 0.7730 and the support of the combined lows and fibs between 0.7635 – 0.7640.
A follow on to the previously mentioned bearish doji star with a bearish engulfing pattern and bearish long black marubozo…it’s the first close back below the key recent 50% fib at 62.38…we’ve also tested the feb-to-date uptrend (currently 61.83)…we’re doing that today as well….though seemingly with limited success so far.
An indecisive doji cross…possibly a very small indecisive spinning top pattern.
An indecisive spinning top but also the second close over the recent 50% fib at 12 151…today we’re back over the feb-to-date downtrend (currently 12 264).
The market failed to overcome the combined 50% fib resistance level 2663 – 2665 and tested back down…even as far as below the long ma (currently 2595)…but did not close below it…today we’ve opened up a little over the support but not moving towards the resistance so far.
A bullish harami but we still have an unfilled gap above the market…we still seem to have an overhang of resistance based on two 50% fibs at 123.33 and 123.68…the medium ma (currently 123.46)…and the upper tine of the sep – dec 2017 schiff pitchfork (currently 123.55).
A follow on to the previous bullish hammer and a first close over the upper tine of the recent schiff pitchfork (currently 159.12)…the market has in the past sought comfort and proximity near the gradually descending middle tine of the sep – dec 2017 schiff pitchfork (currently 158.74)…it is currently still using this as support.
After recently holding well at the key 50% fib support at 144.24 we’ve then formed a bullish engulfing pattern… though no follow through today.
LME 3 MONTH Copper
The Market Still Seems To Be Using The Middle Tine (Currently 6635) Of The Dec 2017 – Feb 2018 Andrews Pitchfork As The Bearish Angle Of Attack Of The Market….The Upper Tine Resistance Of The Same Is Currently At 6916…However…It Is Also Using The Long Ma (Currently 6734) As Near Term…And Quite Good…Support…A Battle Between Both These Longer Term Pressures Is Seemingly Ensuing…On The Weekly Chart We’ve An Indecisve Spining Top Pattern.
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