Copper (HG) - 14th May 2024 | @ 161 Days
'A' class signal detected in High Grade Copper (HG). Running at an average wavelength of 161 days over 14 iterations since April 2018. Currently approaching a peak
ΣL Cycle Summary
Forming the center frequency of interest in the outstanding spectra of Copper is this wave at around 160 days average wavelength, sampled below since April 2018. Flanking to the faster side is the recently reported wave around 77 days and to the slower side the component around 280 days which troughed back in February. The longer component is providing the majority of the power in price action and all are starting a peaking sequence over the next few months. Returning to the component around 160 days, which has been beautifully stationary and exhibits clear spectral spacing, a peak is near. The most recent trough was subtle and bullish, likely occurring in February alongside the larger wave, putting the next peak close, estimated to be at the end of May at the current average wavelength. This may also be the price peak of the longer wave (@ ~ 280 days), which would be subtly left translated in that scenario.
Time Frequency Analysis
Time frequency charts (learn more) bel…