Pair : Copper - CU Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Demand Zone as Support Fibonacci Level - 78.60%
While the decline in copper persists, @HG is nearing areas of previous demand on intermediate-term timeframes. Specficially, we will be watching the industrial metal's action between the prices of 4.1130-4.0605 (with hypothetical stop lower @ 4.0250). Given the current momentum and potential add'l downside per larger timeframes, we recommend watching for micro-TF...
Risk assets are taking a hit. The major equity indexes are seeing red. Crude oil is slipping below eighty bucks. And gold is failing at new all-time highs. Perhaps the markets are navigating the summertime blues – a tune base and industrial metal investors have been humming for months. Dr. Copper is living up to the trading adage that from failed moves come...
Pair : Copper - CU Description : Demand Zone Completed " 12345 " Impulsive Waves and " A - B ( Irregular ) Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 127%
Copper is currently on the support level which is an overlap support that aligns with the 127.2% Fibonacci extension and could rise to our take profit. Entry: 4.4210 Why we like it: There is an overlap support that lines up with the 127.2% Fibonacci extension. Stop loss: 4.3802 Why we like it: There is an overlap support that lines up with the 161.8% Fibonacci...
Pair : CU - Copper Description : RSI - Divergence Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure and Retest Impulse Correction EXP FIAT as an Corrective Pattern in Short Time Frame
Pair : CU - Copper Description : RSI - Divergence Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure and Retest Impulse Correction EXP FIAT as an Corrective Pattern in Short Time Frame
COPPER is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 4.5146 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 4.4253 Why we like it: There is a pullback support level which is...
Macro Monday 54 Chile and Peru The Largest Copper Producers in the world A staggering 36% of the global supply of copper originates from Chile and Peru. With AI, semiconductors and big tech leading the furore in markets, isn’t it any wonder that both countries are demonstrating incredible growth. Being the largest producers of copper in the world during one of...
Following a rebound at the $4.3320 Demand area, copper has started a bullish upside movement. In our analysis, we have identified two potential reversal points that align with recognized Supply areas and the seasonal trend analysis. These areas are critical for our strategy, as they indicate possible turning points in the current uptrend. Additionally, within...
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure Fibonacci Level - 38.20% RSI - Divergence CHoCH Bullish Channel as an corrective Pattern in Short Time Fame
The price is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 4.5146 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement. Stop loss: 4.4253 Why we like it: There is a pullback support level...
H1 - Bullish trend pattern Higher Highs Currently it looks like a pullback is happening Until the strong support zone holds my short term view remains bullish here.
Natural gas has no bullish momentum in the near term. Each pop gets faded. Prior day low needs t ohold or we take the next candle down. We re approaching a key zone very quickly. I am looking for a capitulation bar down.
Copper retraced back to the 50%-61,7% Fibonacci retrace levels. An old trader I used to know called this the ambush zone, meaning it's a popular zone for a bounce or a pullback, depending if you're working off a low or a high. Interesting area to watch. No position.
hey guys, Yearly inside Bar - possible continuation of uptrend. 4.6400 is THE level to break on a Yearly close. Quarterly: Bearish Candles with a long wick. --> Setup is Bearish Monthly: A shooting star with a bearish Engulfing Candle. Stochastics Bearish -> at a yearly Key Level. This confirms the Quarterly Bearish Bias … Bearish Setup: Sell at a valid...
Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May, however did activate on 15th/16th May. ASX:DEV represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the day of the volume spike (10th...
Pair : Copper CU Description : Bearish Channel as an Corrective Pattern in Long Time Frame Break of Structure Demand Zone RSI - Divergence CHoCH Falling Wedge in Short Time Frame