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COPPER is currently controlled by sellers, in the Bear Extreme zone. Measured energy: -91.3%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bear Extreme COPPER 1H
▸When COPPER is in Bear Extreme:
- then COPPER moved to higher Market State: 782 times — 100%
- then COPPER moved to lower Market State: 0 times — 0%
▸Current COPPER market energy: -91.33%
- Distance to upper bound of Bear Extreme (at -74.5%): 16.83%
- Distance to bottom -100%: 8.67%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed 1H candle, Market Energy of COPPER indicates the Bear Extreme zone.
Per the 2AiTrading energy measurement system, A -8.1% change from the previous candle, Market Energy is now -91.3% (previous: -83.3%).
Time in Bear Extreme energy zone: 2 1H Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, COPPER Market Energy ranged from -91.3 to +59.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was COPPER on 1H when this candle closed?
When the 1H candle at 09:00 on 21-04-2020 closed, COPPER was in Bear Extreme with Market Energy -91.3%, controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 8.1 percentage points from the previous candle — from -83.3% to -91.3%.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at -83.3%, Bear Extreme — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bear Extreme zone?
At -91.3%, COPPER is 16.83 points from the upper boundary of Bear Extreme (-74.5%) and 8.67 points from the lower boundary (-100%) — so energy sits closer to the lower boundary at candle close.
What does Bear Extreme mean?
Bear Extreme is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Extreme definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Critical with energy -67.6%; GER40 (European equities) in Bear Critical with energy -71.9%. Against this backdrop, COPPER (Bear Extreme, -91.3%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 84.2%. COPPER (Bear Extreme) and DXY currently sit on opposite sides.
See the real-time energy chart for COPPER.
Open Energy ChartSee the full 2AiTrading Model data for COPPER on the COPPER overview →
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