The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). ...
Copper may be bought on above 640 target may come as shown in chart ..Get out of all long position if goes below 598.. Happy Trading... For next week from 25th July to 29tj July 2022 Idea expressed for analysis and tutorial only..
The narrative: There has been a lot of talk about inflation and a china reopening but coppers recent collapse indicates something more ominous may be brewing. The model- Sell: 3.6525 or higher Stop: 3.7200 The Ingenuity Trading Model is a Geometric Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to...
Copper futures. The rise of the metal depends on the 3.1315 support point to achieve the bullish movement, and we expect the metal to rise in the near term and also in the long term, it may rise from the current prices and the second wave has ended or the decline continues to the 61% level at prices of 3.3440 and the second wave ends there
"Head and Shoulders" formation on the 4H Chart Measured Target 3.4 which, if you are a fan of fibs, is also a 1.61 level. Invalidation ~3.60
After a 37% decline from its peak of $5.03 per pound in early-March 2022, copper has risen 14% since July's lows. However, the metal has recently been unable to overcome key resistance levels represented by the 50-day moving average and the descending channel trendline, as fresh worries about global growth slowdown and monetary policy tightening reemerged this...
Type : Bearish Drop Resistance : 3.6500 Pivot: 3.5315 Support : 3.4115 Preferred Case: On the H4, with the price breaking the ascending trendline and ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 3.5315, which is in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement to the 1st support at 3.4115, where the...
Important levels are drawn on the chart .The price is at a resistance level .We are looking for a SELL position .As each trend breaks, the target will be the next trend .📢 Please follow your strategy, , this is just my idea .🙌Please do not forget the ' like' button & Share it with your friends .✍ I will be glad to see your ideas in this post .🧲Follow me to see...
We have stuck religiously to the support trend line and are now seeing a break of resistance, once we break short term trend line upward, there will be perfect entry for bullish trade
In this update we review the recent price action in Copper and identify the next high probability trading opportunities and price objectives tot target
If copper price action respects my Elliott wave count in daily timeframe, expect the 5th wave to start sometime sooner. Please refer to my previous analysis of copper in 60 min time frame. Looking at Elliott wave counts, wave#3 was greater than wave#1, so I am expecting wave#5 to be at least equal to wave#1 (see the vertical yellow bars), based on this assumption...
copper is forming a descending triangle and ready for break out. waiting for break out either down or up.
Just broke my downtrend boundary, MACD looks promising, 28 MA coming down for the challenge....first day of a break in copper for a relief rally?
GOLD/COPPER vs TLT They have a history of correlation as per the chart, but the TLT is way above the ratio... Could be nothing, or it could be the bond bulls are off-side. The chart doesn't go back to the 90s, so I would take it with a grain of salt. This is something one should be cognitive of when they are making big macro picks.
Hi Traders, This post takes a look at how we can go short on copper. There is a very simple setup to take if price does what I expect it to do. On the daily time frame, Price has managed to give a deeper rejection than I had anticipated in my last copper post, You will see that we are currently rejecting a resistance level on the daily, If you wanted to, you...
fiboretracement now can buy for copper Anglo copper output down year on year Anglo American’s copper output is still suffering from lower grades and water shortages in Chile, while diamond guidance was lifted thanks to strong demand and operations.
Chart posted is that of copper . we have 3 legs now down in the bear market . a natural target for support as it hit a 618 at BEST you can look for an ABC or abc x abc up until aug25 to sept 2 then CRASH