However, the opening price of the 8:59 call auction made Li Xin feel a little surprised, today's opening price is 31,900 yuan, compared with the closing price of 31,400 yuan last Friday, not only did not fall, but also opened 500 yuan higher.

During this period of time, it has been commonplace for prices to toss back and forth like a roller coaster, so although Li Xin felt that this high opening was a bit unexpected, he felt that after the official trading began at 9:00, the main trend should continue to fall.

As he expected, after the official trading began at 9:00, the price only rose to a high of 32,000 yuan at 9:02, and then fell rapidly, and by 9:03, the price had fallen to 31,720 yuan, and at 9:14, the price fell to 31,520 yuan.

This price is already close to last Friday's closing price.

The 500 yuan that jumped up at the opening was nearly 400 yuan by this time. This momentum is exactly the same as the rapid decline in prices after each gap, and it seems that today's trend should continue to fall.

But at this time, an unexpected side appeared. Starting at 9:15, the price rose rapidly from the line of 31,500 yuan, and after just half an hour, the price has risen to 32,790 yuan at 9:44. From the low point to the high point, it rose by nearly 1,300 yuan in half an hour.

Then the price has continued to fluctuate at a high level, the lowest price did not fall below 32,260 yuan, the highest price once rushed to about 33,000 yuan, to the close, the price closed at 32,580 yuan. Compared to last Friday's price, the increase is 3.76%.

Last Friday's closing price of 31,400 yuan was below the 5-day moving average, but today's closing price of 32,580 yuan has broken through the pressure of the 5-day moving average and came to between the 5-day moving average and the 10-day moving average. Judging from the K-line chart, it seems that the falling panic caused by the fall limit last Friday has been temporarily eliminated, showing a pattern of back and forth at the bottom.

But this rise was short-lived.

On Tuesday, November 4, the opening price of domestic futures copper prices was exactly the same as yesterday's opening price, which was 31,900 yuan. Compared with yesterday's closing price of 32,580 yuan, the gap fell by 680 yuan, and it fell back below the 5-day moving average overnight.

Looking at such a chaotic and clueless trend, Li Xin no longer has the confidence to judge what the trend will be after the official trading starts.

Yesterday's trend was to gap 500 yuan higher on the basis of the falling limit the day before yesterday, and then within ten minutes, the space for the gap fell by almost 80%. Then the price quickly rose from the low level to the high level of shock consolidation, closed at a relatively high position, and closed out a white candle with a large increase.

Today's trend is the opposite of yesterday's. On the basis of yesterday's closing price rose by 3.76%, today's opening price opened 680 yuan lower than yesterday's closing price, but in just 15 minutes after the official trading began, the price quickly rose from the opening price of 31,900 yuan to 32,510 yuan. This price is also not much different from yesterday's closing price, and the trend in ten minutes has again appeared in the opposite direction of the gap low.

Immediately afterwards, a familiar scene appeared, at 9:18, the price fell rapidly from the integer mark of 32,500 yuan, and at 9:36 after just 18 minutes, the price had fallen to 31,860 yuan. In the subsequent trading hours, the price went lower and lower, and has been maintained at a relatively low position back and forth, and the price closed at 31,770 yuan. This price is down 810 yuan from yesterday's closing price, a decrease of 2.49%.

And the price action on Wednesday, November 5 is even more confusing.

The opening price of this day was 33,150 yuan, compared with Tuesday's closing price of 31,770 yuan, which was unexpectedly 1,380 yuan higher again, an increase of 4.34%. Yesterday's close was still below the 5-day moving average, but today's opening price broke through the pressure of the 5-day and 10-day moving averages and came between the 10-day and 20-day moving averages.

Even though Li Xin has long been mentally prepared for the opening and closing prices of the roller coaster back and forth during this period of time, he was also taken aback when he saw such a large gap high: Could it be that this is the harbinger of the beginning to rise after the bottom shock is completed? It stands to reason that in the past week or so, the trend of copper prices is the price limit and then the fall limit, the gap high and then the gap low, and the range of tossing back and forth is not small, and it makes some sense to say that the copper price has consolidated the bottom in this place. However, looking at the K-line charts on the left, although Li Xin feels that the price is not far from the bottom period at this time, he still doesn't believe that there will be a rapid rise in the blink of an eye.

He thought to himself: There is a characteristic of the trend during this period, as long as the gap opens high or the gap is low, the next trend is generally opposite to the direction of the opening gap. Don't look at the magnitude of today's gap, and in one fell swoop between the 10-day moving average and the 20-day moving average, it seems that it has broken through the pressure of the 10-day moving average, but maybe after today's gap high, will it be followed by a sharp decline of the black line?

Sure enough, after such a large gap opened, the price fell immediately after the official trading began, but the decline was not as big as Li Xin thought, at 9:05, the price fell to 32,560 yuan, and continued to go down after a slight adjustment, and at 9:15, the price fell to 32,470 yuan.

Then the price fluctuated back and forth between 32,470 yuan and 32,790 yuan, and the price at this time fell not small compared with today's opening price, but there was no sharp decline as Li Xin expected, and by 11:30 a.m., the price closed at 32,660 yuan. This price is still a sharp increase of nearly 900 yuan compared with Tuesday's closing price of 31,770 yuan. At this time, although the K-line chart is a small black candle, compared with the K-line chart of the previous day, there is still a gap with a large gap in the middle.

Looking at such a trend, Li Xin pondered again: since last Friday, November 31, the lowest closing price of 31,400 yuan, the closing price on November 3 was 32,580 yuan, and the closing price on November 4 was 31,770 yuan.

This is the first time in a month that the bottom of the 4 consecutive candlestick charts has gradually risen since the copper price began to plummet on October 6. If this situation continues, then it can almost be judged that the closing price of 31,400 yuan should be the lowest point of the bottom. If the bottom has been built, the price should continue to move upwards. The key question now is to see where today's closing price is. Today's close will determine whether the bottom of these candlesticks will continue to rise, which is very important.

Since the sharp gap opened this morning, the price has not fallen sharply in the morning trading market, but has been maintained at a relatively high level, and the trend appears to be relatively stable. Judging from this situation, today's closing price is likely to close higher, and may even be much higher than the closing point of 31,770 yuan on the previous trading day. If this is the case, then in the coming days, the upside of copper prices is much greater than the downside.

Technical analysis is very important because in this market all investors are staring at these key technical indicators and trading according to the changes in these technical indicators.

Li Xin saw that the bottom of the 4 consecutive K-line charts is gradually rising, and if this trend is established, then the bottom has basically been completed.

Seeing this, there are also the main bears.

As if to shatter the illusions of Li Xin and investors who share Li Xin's views, after the start of trading at 13:30 in the afternoon, there was a strange scene in the price.

At the close of trading at 11:30 a.m., the price closed at 32,660 yuan.

However, after the opening of the market at 13:30 in the afternoon, the price fell from 32,660 yuan to 31,890 yuan in an instant within a dozen seconds. In less than a minute, the price plummeted by $770.

This is a cliff-like fall, and such a plunge seems to be to make the closing price of today's candlestick chart as low as possible, and completely break the bottom of the 4 consecutive candlestick charts and gradually raise this trend.

This bungee jump-like trend once again refreshed Li Xin's perception of the price trend of tossing back and forth like a roller coaster during this period of time.

"Damn, is this going to hit the fall limit again?" Li Xin exclaimed.

Li Xin couldn't imagine where this wave of selling orders came from, and where did the confidence come from for the bears to dare to suppress the price like this at this price.

Anyway, the result shown on the disk is that this wave of huge selling orders instantly knocked down the price by nearly 800 yuan, which also made the bulls who intervened in the morning completely lose the confidence to resist again.

After the price plummeted by 800 yuan in one minute, there was no sharp rise, and it has been oscillating back and forth at 31,900 yuan. Obviously, this blow from the bears made the bulls a little panicked, and for a while they could not organize an effective counterattack. At 14:00 in the afternoon, the price once fell to 31,820 yuan.