Video 1 - Copper Metal (04/22/2019)
Video 2 - Southern Copper (04/29/2019)
Well lets see if we can find any cycle to confirm such bullish thinking.
First, we use our customary BARTELS math to find if any cycles fit the time series price data. The math was tested on daily, weekly, and monthly data, the weekly data gave the best results (see below the cycle weekly period 177). The BARTELS scan data for the weekly data can be seen in the yellow indicator box under the price chart.
The RTTHurstCycle cycle tool swings well (like a simple sine wave) only when the price data it self is acting within the cycle. The more the RTTHurtsCycle swings a unlike a sinewave, the less likely price is acting within the cycle. You can see since 2009 the price data and RTTHurstCycle indicator is acting well. Sure there is one cycle inversion in 2015 (learn about cycle lingo on this link here), but now it looks like a bottom is in and bullish thinking is correct.
We at readtheticker.com use Richard Wyckoff logic to study price bottoms (ie accumulations), and this work suggests a sign of strength to $40 is required to confirm bullish trend to much higher prices.
One cycle to watch, a price inversion would not be bullish.
Original Post: http://bit.ly/2vpj3Kn
No comments:
Post a Comment