The model identifies TECK (Copper) as displaying a bullish breakout configuration with a model position, currently classified at active-late stage. This classification is based on the model's interpretation of EMA trend structure and Fibonacci execution levels.
Based on delayed data, the model reads the underlying at $48.12, placing it at the 74.5% level in the accumulation (0.500-0.786) zone (model range: $28.26 to $54.91), The model's Fibonacci execution zone spans $41.59 to $49.21, with the entry midpoint at $45.40., The EMA structure shows bullish alignment (EMA20 > EMA50 > EMA100) (20-period: $46.84, 50-period: $45.68, 100-period: $44.66), which the model interprets as bullish trend structure.
Model position (hypothetical): Long 1 contract of the Mar 20, 2026 $44 call. Model entry premium: $3.91 per contract (hypothetical risk per strategy model). Model marks at $6.14 with a hypothetical unrealized +$222.99 (57.0%).
The model classifies this setup at late-stage status approaching the model's target zone near $52.06. This indicates the model interprets market pricing as having caught up (premium ratio > 0.35 per strategy model), and the model is evaluating mechanical exit conditions including profit-taking at the defined Fibonacci target.
Model invalidation would occur if price breaks below $41.59, which the model would interpret as the breakout having failed. Per the model's strategy rules, exit logic includes both invalidation-based exits and time-based exits (if price fails to reach the halfway point within the defined bar window). The call premium represents the model's total hypothetical maximum risk.