Although he has many doubts in his mind, the current trend of copper prices still alleviates his worries that the price will quickly break through the 40,000 yuan mark and rise.

Just as he was watching the copper price trend on the computer screen with both excitement and nervousness, a scene that surprised him even more appeared.

At 9:55 a.m., copper prices suddenly began to fall sharply from 38,040 yuan. By 9:59, the price of copper had fallen to 37,580 yuan. Then the price stagnated at this position for about a minute, and the highest rebounded to 37,600 yuan. Just when Li Xin thought that this wave of rapid decline would usher in a wave of rapid rise immediately after the rapid decline like the previous two trading days, at 10:00 in the morning, the price began another wave of decline from 37,600 yuan. The speed and magnitude of this wave of decline are more ferocious, and at 10:04, the price was instantly suppressed from 37,600 yuan to 37,160 yuan.

Seeing such a situation, Li Xin jumped up from the desk with joy: such a trend can never be the kind of wide range of market like yesterday, if it is a wide range of market shocks, then the price should rise rapidly from 37,600 yuan at 10:00. Because the price fell by about 500 yuan in just 5 minutes from 9:55~10:00, if the next trend is a wide range of shocks, then such a decline is enough. However, after 10:00, the price not only did not rise from 37,600 yuan, but fell sharply, and fell by nearly 500 yuan after 4 minutes, falling to the fall limit.

No matter from which point of view, this wave of decline began at 9:55, to 10:04 the price was hit to the fall limit, in just about 10 minutes, the price fell by nearly 1,000 yuan, the power of the bears is in one go, but in these 10 minutes the resistance of the bulls is gone.

Li Xin put himself in his shoes for a while, and the wave of selling orders that started at 9:55 was not like an opening order for the bears to continue to increase their positions, but rather like a sell order for the bulls to see the price go down one step after another, and lose confidence in the market outlook without counting the price stop loss.

If it is as they estimated, then the confidence of the bulls has begun to collapse again.

Because after the appearance of the middle pole bullish line yesterday, even the bears thought that the bottom had been discovered, and the bulls began to counterattack. However, when the price gradually fell after the opening of the market today, the bulls stopped out again in this position, and the price was instantly hit to the falling limit, which indicates that there is still a lot of room for the price to fall in the future.

It seems that yesterday I was right not to take profit and exit the market when the price was soaring. After such an epic crash, it is really difficult to see at a glance where the bottom is, and in this case, the confidence of the bears is far stronger than the bulls who are trapped. Over time, as long as the price does not show a significant upward momentum, the confidence of the bulls will be swallowed up little by little, because the losses they are carrying are too huge. This can be seen from the fact that this morning's time-sharing chart went lower and lower, and suddenly plummeted, and was instantly pressed on the down limit.

Although the 7-minute limit was opened at 11:11~11:18 a.m., the highest price only rose to 37,240 yuan. Then, from 11:21 onwards, the price continued to be pressed down by the surging selling orders, and continued until the close of the market at 15:00 in the afternoon.

Today's K-line chart of copper prices in the domestic futures market is a bare foot big black line with a short upper shadow, and its closing price of 37,160 yuan has hit the lowest closing price after the continuous fall limit on October 6, and the closing price of 39,210 yuan on the previous trading day fell sharply by 2,050 yuan, a decrease of 5.23%.

This huge black candle announces that the rally caused by the 3.02% rise in the domestic futures market yesterday has ended, and a new wave of decline is about to begin.

After the close of the domestic futures market at 15:00 in the afternoon, the London copper price also fell to $4,552, down $168 or 3.56% from yesterday's closing price.

Even at this time, Li Xin still can't believe that the copper price in the London futures market and the copper price in the domestic futures market will shake off the trend of the Dow Jones Industrial Average and walk out of its own independent market.

Because last night the Dow Jones Industrial Average closed a bald and barefoot long white candle, up 4.67 percent, will the Dow continue to rise this evening? If it does, what position will it rise? If the Dow continues to rise this evening, will the copper prices in London and the domestic futures market continue to fall tomorrow in defiance of the rise of the Dow?

That's a big question.

At 21:30 in the evening, the Dow Jones index opened at 9262 points and then oscillated back and forth, falling to a low of 9126 points and a high of 9277 points. By 23:00 at night, when Li Xin went to bed, the Dow Jones index was 9185 points, and the signs of rise and fall were not particularly obvious.

However, on the morning of Wednesday, October 22, when Li Xin turned on the computer to check the closing of the Dow Jones and London Copper last night, he found that the Dow Jones and Wheel Copper had fallen sharply.

First of all, the trend of copper prices in London, which closed at $4,480 last night, is a sharp drop of $240, or 5.08%, compared to the previous trading day. The closing price of $4480 is only $50 higher than the lowest price of $4430 in the day, the K-line chart is a huge black candle, and the lowest closing price of $4480 has set a new low for this wave of decline, this trend is the same as the trend in the domestic futures market, and it hit a new low in the closing price yesterday.

The trend of the Dow last night can be described as a wide range of shocks, with the highest point being 9284 points, the lowest point being 9004 points, and the closing point being 9033 points, down 231 points, or 2.50%.

If the Dow Jones index closed sharply higher last night, breaking through the closing point of 9387 points of the long white line that rose by 11.08% on October 13, then the upward trend may continue, but now it suddenly turns around and continues to fall when it is close to the 9387 line, which shows that the pressure on the 9387 line is very heavy, and the Dow Jones index has the momentum of continuing to fluctuate downward near this high.

In any case, today's black candlestick indicates that it is somewhat unlikely that the Dow will rise quickly. In this case, copper prices in both London copper and the domestic futures market have hit new lows, and it seems that the downward trend of copper prices is still very certain.

At 8:00 a.m., London copper opened, and its opening price was $4,475, which was $5 lower than yesterday's closing price.

In recent trading days, regardless of whether the previous trading day fell or rose, there will be an upward rush in London copper prices in a short period of time after the opening of the second day.

However, today's scene did not happen, and the price of copper opened at $4,475 and immediately began to fall without a rebound, and by 8:05 a.m., the price of copper had fallen to $4,334, further hitting a new low.

By 8:59 a.m., when the domestic futures market was about to call for auction, the London copper price had fallen to $4,267. This price has fallen by $213 compared to yesterday's close, or 4.75%.

By this time, Li Xin began to believe that copper prices had broken down again. Because when the Dow rose sharply in the previous trading day, the London copper price and the domestic copper price fell, so in the case of the Dow Jones index closing a small black line last night, the continued decline in the London copper price will definitely drive the domestic copper price that opened at 9:00 this morning also fell sharply.

At 8:59 a.m., the domestic futures market set up today's opening price: 36,070 yuan.

This is the price of the down limit.

Compared with yesterday's closing price of 37,160 yuan, it fell sharply by 1,090 yuan, a decrease of 2.93%.

"Break the position and go down, break the position and go down!" Li Xin slapped the table excitedly.

He is glad that his judgment is correct, in this situation of continuous plunge, as time goes by, the psychological advantage of the bears will become greater and greater, and the bulls will become more and more unable to hold on. After yesterday's copper price closed on the fall limit, there was another one-word drop limit at the opening today, which shows that the confidence of the bulls has further collapsed.

And today's one-word drop limit is a real one-word drop limit, from the opening of 9:00 a.m. to the close of 15:00 p.m., the price has been pressed on the 36,070 yuan drop limit, and it has not been broken at all.

At 21:30 that night, the Dow Jones index opened at 9027 points lower and then quickly declined, and at 22:04 in the evening, the Dow Jones index had fallen to 8631 points, down 402 points, or 4.46%.

At 23:00 in the evening, the Dow Jones index was 8748 points, down 263 points, or 2.91%.

Li Xin was very nervous after going to bed at 23:00 in the evening, if he still saw the copper price in London and the copper price in the domestic futures market, he was really inaccurate about the trend of the Dow Jones index, and he could not make a clear judgment. A few hours later, at 4:00 a.m., at what point will the Dow Jones index close?

Thursday, October 23rd.

At more than seven o'clock in the morning, when Li Xin turned on the computer and saw that the K-line of the Dow Jones Industrial Index closing was a huge black line, the stone in his heart gradually fell.