In very simple terms, I can see FQM stock price going to my second target levels around 61.8%, we could potentially see the stock price trade around CAD$16.32/share in the next few weeks. On the daily timeframe, price has been trading below the 100 SMA and we could see a continued bearish trend to complete the corrective phase.
Please refer to initial correction...
In our last week’s analysis, we anticipated the pair to make small higher-highs and reach the resistance area. Instead, the price pulled back deeper.
In the coming days, we foresee the pair to finish this correction and make an attempt to break the resistance level.
Trade with care.
Disclaimer: The analysis provided is...
Bearish sentiment building for copper and other metals/commodities from Evergrande debacle in China and copper prices were down sharply this past week.
COPX weekly chart closed outside the longer-term (march 2020) regression channel for the 2nd time in the last few weeks also printing a bearish engulfing candle indicating potential for more near-term down. ...
Copper prices are recoiling from confluent resistance at 4.4620. This is marked by the underside of two recently-broken uptrend supports, the upper bound of a seven-month price congestion zone, and a downward-sloping trendline emanating from the May 10 high. A daily close under swing-low support at 4.2060 may act to confirm downtrend resumption, initially setting...
Hello, I see copper is in a bear market and a leg down could happen.
Not going to provide a full in depth analysis.
Here is a quick overview of this industrial commodity.
Here is the 30Y chart compared to gold you should notice a few things:
Copper could drop to 3.5-3.85.
3.85 is an extension of 1, 3.5 or 1.618.
Thursday, 16 September 2021
15:09 PM (WIB)
Copper has established bullish move since hit the lowest price at $400. And developing uptrend with Golden Cross in 4 hours trading session. Currently price move at the lowest low point and I doubt the price slides lower. I expecting the price move upside into current resistance.
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...
Hello my beauties.
The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards.
For all the ones that have taken the trade already, good job!
Copper has just entered a...
Copper respected last week's report and broke the correction top.
In the coming days, we anticipate the pair to make small higher-lows and reach the resistance area.
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...
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
I think that Copper has just entered a phase of distribution, and I will be longing it for the formation of an Upthrust that will bring the price beyond the Buying Climax.
Like if you enjoy the idea, and consider following and supporting me.
The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y.
This opens up the possibility of one more leg to the down move in the form of wave Z.
Retracement levels in copper international...
Copper respected last week's report and made a small pullback.
In the coming days, we anticipate the pair to continue the uptrend and eventually break the top.
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...
Welcome to this analysis about COPPER, we are looking at daily timeframe perspectives. COPPER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation COPPER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how COPPER has emerged with...