Copper had a triangle breakout few days ago, it is providing a long entry again as the price is currently retesting the breakout post having a minor correction. Risk reward remains highly favorable given the current setup.
We might start to see longer term US bond weakness as the copper/gold ratio rebounds off the lower extreme of it's descending channel. In this example I'm using TLT, an ETF. These two have an inverse relationship and also correlate with the US dollar. Long term US bonds and the USD tend to have a positive correlation giving both a bearish outlook. This is more...
Pattern: Channel Up on 1D.
Signal: Buy as the price is rebounding on the Higher Lows (bottom) trend-line of the Channel Up while the MACD just formed a Bullish Cross.
Target: 4.980 (the 1.236 Fibonacci extension).
** Please support this idea with your...
It's been a while since I looked at BTCUSD so here is my take.
BTCUSD has 5 up, correction can be seen
BTCUSD volatility is at the low; an increase usually occurs when price drops
GOLD/COPPER ratio is at support; rally will suggest limited upside for stocks
Lower stocks may trigger a weakness on Crypto.
For more details, please check the video.
Keep an eye on the copper x etf which tracks miners which are engaged in the mining of Copper. Every time we've seen a heavy spike in volume this year has resulted in a corresponding top or bottom for Copper miners. My guess would be another bottom could be forming here...
This is COPPER on the 1W time-frame. I've made this idea to show to long-term investors why the metal is currently on the most optimal buy levels ahead of a two-year rally.
As you see, the price has been rising since the August pull-back. Not only is it posting a recovery but the August low happened almost on the 1W MA50 (blue trend-line), which has been the...
In the coming week, we anticipate the price to reach the resistance area highlighted on the chart. We expect this move to have corrective nature.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading;...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $LODE on November 8, 2921 at $2.25 per share and plan...
View On Copper XCU/USD (25 Nov 2021)
Copper is good UP gradually and the main momentum is in the LONG side.
As a trader we shall stick with the main trend, while we scout for the best possible entry,
As long as the price of Copper doesn't go below $390 again, it is a better bet to be on the buy side.
It shall retest $460 soon. $485 and $500 will be the...
Copper has Fallen in price towards a key support level as well as a trend line that has been respected multiple times. The RSI levels are also in oversold conditions at the moment, with all of these factors in play it seems likely that the price will go up from here. The targets for copper to the upside are at the recent highs of 4.4420 which is a heavy liquidity...
The gold chart is setting up a beautiful cup and handle since 2011. The target is around $3700 for the measured move of the cup but I dont think it will stop there, I think it will probably continue to run up for years. Indicators on the monthly are about to tear upward in a big move. Gold luck and happy trading. Thank you for checking out my charts and if you...
Price Rally aggressively Towards main resistance
Price lifts from main resistance and then
hovers on cloud on a higher resistance
Lifts from higher resistance
attack cloud and test main resistance