Type : Bearish Drop Resistance :3.5785 Pivot: 3.4160 Support : 3.2760 Preferred Case: On the H4, with price breaking the trendline and moving below ichimoku indicator, we have a bearish bias that the price will drop to the pivot at 3.4160 where the swing low support, 78.6% fibonacci projection and 161.8% fibonacci extension are. Once there is downside...
Copper has attempted a rebound from technical oversold levels in recent days, following a 20% drawdown from its all time highs, thus officially entering a bear market. Is this an indication that investors have already priced in a global economic downturn and that the worst is now over? Or are we merely experiencing a copper bear market rally, with further...
See chart. COPPER on the verge of a multi DECADES break out. I cant see any better long term investment. EVERYTHING ABOUT ENERGY IS MADE OF COPPER. Every single TESLA will use lot of copper. Every Internet of Things will be made of copper. Semi-conductors.. shortage? it rhymes with copper shortage as well! Hell even BITCOIN is basically copper made. And guess...
Comex Copper - Weekly Bottom Line : Adjusted wave count: Comex Copper may complete a flat correction by rising to a new high. Comex Copper may be rising in wave (C) of a flat correction developing as wave X (circled) of an ongoing bear market from 2011.
What is going on with Copper? Price is skyrocketing yesterday and today but why? We are coming into a world recession sometime this year, inflation is the highest its been in 40 years, interest rates are going up everywhere, all signs that copper price is 'supposed' to be going down. Any ideas? Heiko
Copper hrly short shortstop @ 4.4788 TP #1 @ 4.4541 75% wr TP #2 @ 4.4271 50% wr SL @ swing high 4.5395 17.50% hr WR and HR determined from past trades on this metal More trades like this on my profile and on Bifrost Trades.
Entry at current level 4.56 Stop 4.30 First Target (33% of the position) 4.80
HG1! (COPPER) is still making a triangle on the primary degree 4th wave. We will finish the triangle around 61.8% or 78.6% of Fibonacci. The 78.6% area is also a trend-line support zone. With the high chance, we will rebound from the trend-line area. Wave E can take further time to develop. DISCLOSURE - Please be informed that the information I provide is not a...
copper is about to break out ... hold for bullish move . next good move
Copper is managed to bounce from 750 level and in last trading session give strong recover from bottom. On daily time frame made a bullish pin candle near resistance zone. Breaking above 760 will trigger strong buying and target will be 770 to 775.
Copper hrly long ⚠️ half risk due to lack of trend buystop @ 4.3217 TP #1 @ 4.3585 80.65% wr TP #2 @ 4.3976 54.84% wr SL @ swing low 4.2900 16.13% hr WR and HR determined from past trades. See more trades like this on my profile or Bifrosttrades.com
CAPITALCOM:COPPER creates harmonic butterfly with level of 1.272 at price 4.502. The pattern will only activate when price cross over B point which comes at the price of 4.4270 and sustains above. TTM Squeeze : Positive VZO : positive
HG ( COPPER ) making a triangle on a Primary degree 4th. We are on a D wave of the triangle. Most probably we finish A wave of D wave as a preferred count (Projected by the black line) and we are coming down to making a B wave. On another side of the analysis as an alternative (projected by the red line)we are on an A wave and we are going upside a little bit and...
Copper futures are aiming for the May high at 812.60 after prices confirmed a breakout above a Descending Triangle chart formation. The 200-day Simple Moving Average helped maintain the dominant uptrend as the red metal continues to consolidate since earlier this year. A drop back under the July high at 768.50 could undermine upside progress, reorienting copper...
SNIPER STRATEGY 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...
Hello 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...
Copper: Market Commentary 23.08.2021 A couple of points to note here; we ticked the 161.8% extension which was our third wave target in our previous copper chart at the beginning of 2021. It always comes down to the same situation; an impulsive complex which can be called sound, but which has one sickly component. As we head into Jackson, according to the...
Copper prices snapped a five-session winning streak on Tuesday as investors held off on making large bets ahead of a U.S. Federal Reserve meeting expected to give more direction on monetary policy. Benchmark copper on the London Metal Exchange was down 0.8% at $9,735 per tonne at 1635 GMT, after touching its highest since June 15 at $9,924. “Given the scale of...