Pair : Copper CU Description : Falling Wedge as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line to Complete its Corrective Waves " ABC " after Impulsive Waves. Bullish Channel in Short Time Frame and Rejection from Lower Trend Line after " B " Wave Precautions : Wait until it Breaks Bullish Channel or Rejects from Upper Trend Line
Fundamental Analysis: as of now we can see the global inflation has rise sky rocket and the worlds economy is in a huge bobble which soon will explode and a catastrophic crisis may occur, ultimately most of the manufacturing and development plants which are dependent on the base commodities such as Copper and gold may face some market crises and demand may...
Will be looking at long positions for instrument for the following reason. • It is approaching a point of Major support in the ranging pattern looking back 3 months. • This is a long-term long swing for me looking forward at least 2-3 months, but it might happen sooner with the recent volatility in the market. • Looking to catch a long trade of the rejection from...
Pair : CU Copper Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Breakout the Lower Trendline and Completed the Retracement after Impulsive Waves and Correction " wxyxz " , If it Breaks the Lower Trendline of the Correction " Bearish Channel " then sell
Seeing a rising wedge pattern forming. Trading bearing with thought breakout to the downside soon ***Always use proper risk management***
Pair : CU - Copper Description : Impulse Correction Completed and it will again make its Impulse in a Corrective Pattern Bearish Channel in Short Time Frame. We have Break of Structure if it breaks the Upper Trend Line then Buy and If it Rejects from the Demand Zone then Sell
Pair : CU - Copper Description : It has Completed its " 12 " Impulsive Wave at Fibonacci Level - 50.00 or Demand Zone. Bearish Channel in Short Time Frame and Impulse Correction in Long Time Frame completed its Impulse and Correction at Fibonacci Level - 61.80% it will again make Impulsive move
Pair : COPPER Description : Impulse Correction Impulse Break of Structure Bullish Channel in STF as an Corrective Pattern RSI - Divergence Fibonacci Level - 50.00%/ 61.80%
Pair : Copper CU Description : Bullish Channel in STF and LTF as an Corrective Pattern Resistance Level Fibonacci Level - 50.00% / 61.80% Completed " 12345 " Impulsive Wave and " AB " Corrective Wave Break of Structure
Copper MCX Future Cmp - 753 5th Elliot wave is in progress
I fail to grasp the general consensus where the overall impression seems to be that "bad technicals" but "a very pretty fundamental picture"? LME stocks jumped +45% just since January alone! - How is that a "good" fundamental picture? (I must be missing something, especially with China not coming back, in any way resembling past demand.) Long(er) term, one could...
Copper hit the top of the Channel Down pattern that started in mid January and got rejected straight away. The 1D time frame already turned neutral (RSI = 51.361, MACD = 0.023, ADX = 28.747) and if the price crosses under the 1D MA50 and MA200, it will give a confirmed sell continuation signal. First target is the S1 (TP1 = 3.5525) and second near the S2 (TP2 =...
COMEX:HG1! One word - CLEAN! What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks. Pattern - Triangle/Pennant Highs: 4.2100 Lows: 3.8255 A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower! Currently, as long as we...
No worries – we didn’t confuse our metals! However, like a lead weight, copper should continue to sink further, heading for the green zone between $3.08 and $2.59 in the south. Already the price has broken free from the recent sidewards movement and has developed a new low, showing more and more downwards momentum. Once copper has arrived in the green zone, it...
copper price upside move 5 wave copper chart wave 1 upside complete 5 days copper chart wave 2 downside complete 3 days
Good Morning traders! Here we can see as copper corrected last move to the downside exactly at the Golden Zone+ POC confluence level. During the corrective move, price created a bearish wolfe wave so we believe that it it is ready for continuation to downside. Head and Shoulder on lower time frames! Short from @411.5 stop loss @422.7 risk 1% of equity. Will...
XCUUSD - Intraday - We look to Sell at 4.185 (stop at 4.230) With signals for sentiment at overbought extremes, the rally could not be extended. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a...
Fundamental Analysis: china is the biggest copper consumer and as of now we can see the most of its manufacturing plants and factories are getting shut due to Protests and ongoing havoc in the country. DXY is very bullish which can go up to 130 and ultimately will result in the more price fall in the commodity sections. World economic Crisis and Supply chain...