Copper Price Prediction using Wave Count with the Contribution of Elliott Waves

IF 1.1 Q3 MINING & MINERAL PROCESSING
Ramin Satari, A. A. Dehkharghani, K. Ahangari
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引用次数: 1

Abstract

Within the last few decades, copper has been identified as one of the most applicable metals by many researchers. These researchers have also been enthusiastic to predict the price of this valuable metal. These days, the available technical analysis methods have been highly applied in the financial markets. Moreover, the researchers have used these methods to predict the suitable price trends. In the present work, some technical analysis tools including the Fibonacci series, Elliott waves, and Ichimuko clouds were practiced to scrutinize the price changes and predict the copper price. All copper prices from 2008 to 2016 were considered. Regarding the fractal property of these methods, the relations among prices were obtained within an eight-year time sequence. Since 2016, the copper price has been gradually deviated from its previous trend. Using the wave count and Elliott waves has specified that the wave number 1 and wave number 2 have been completed. Now, the time has come to develop the wave number 3. According to the relations introduced by the Elliott waves and the clouds made by Ichimiku, it was determined that the copper price would be almost $16000 per ton in 2022.
Elliott波浪贡献下的波动计数法预测铜价
在过去的几十年里,铜已经被许多研究人员确定为最适用的金属之一。这些研究人员也一直热衷于预测这种贵重金属的价格。目前,现有的技术分析方法在金融市场上得到了广泛的应用。此外,研究人员还使用这些方法来预测合适的价格趋势。本文运用斐波那契数列、艾略特波浪和一子云等技术分析工具对铜价的变化进行了分析和预测。考虑了2008年至2016年的所有铜价。对于这些方法的分形性质,价格之间的关系是在八年的时间序列内得到的。2016年以来,铜价逐渐偏离前期走势。使用波浪计数和艾略特波浪已经指定浪数1和浪数2已经完成。现在是开发第三波的时候了。根据艾略特波浪和一见云所引入的关系,确定2022年铜价将接近每吨16000美元。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Journal of Mining and Environment
Journal of Mining and Environment MINING & MINERAL PROCESSING-
CiteScore
1.90
自引率
25.00%
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0
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