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...
Since May last year Copper had been selected as one of our main investments for the year 2020/2021 ?( check the previous idea here ). We had placed 4 take profit levels early in January to be taken and they were taken successfully , just a bit faster than we thought! At this stage, Copper should leave some profits behind so we are entering a short term short...
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Last week, we correctly anticipated Copper to start a correction that will push the price towards the resistance level. In the coming days, we are expecting short-term bullish momentum until it reaches the resistance area. Afterwards, we anticipate the price to make another drop and break the support. Trade with care. Best regards, Financial Flagship ...
Losing the daily channel and RSI bull market support? Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding the Elliott Wave...
8hr time frame on a log chart. Fractal shows highs of over 5USD
DD is the same as my previous post: From my daily level post: Bullish on copper with the current confluence of news - Goldman called copper the new oil due to its links to the green energy sector and gave a very bullish price forecast citing a potential future shortage due to "demand increasing 900% by 2030" Coinciding with this was the mining strike in Chile -...
we can see the copper in the monthly time frame that it has broken the triangle and is showing some bullish movement in the future we may face some small downtrend but on the general trend we can be more bullish on this commodity we have specified some levels of supply and demand where we can capitalize on this analysis can be very useful for the swing traders...