Get ready to dump it! Here is the Weekly;
Our updated chart shows that clearly the price is in a descending channel. Our take profit levels are broken down in 4 layers. The price of Copper will be depending on mainly Asian and other indices performance, especially the more industrial ones.
Copper Long Setup Entry: $3.4989 TP & RR: $3.6094 (3.47) Stop Loss: $3.4671 REASONS FOR THE TRADE Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart,...
POISTIONAL MCX CALL DATE - 02/02/2021 BUY MCX COPPER @ 591 - 592 ADD MORE 585 STOP LOSS - 580 CLBS TARGET - 600 605 610 615 NEW HIGH ++ @tradingandeducationsupport
Most likely will rise (70%) chance, volatility inbound is guaranteed. Asian stock markets rising fast = Copper demand can grow Dollar issues = Copper can rise = fundamentals are for Copper to rise, hence I am buying
I like to set at least 4 take profit levels). Trading becomes really difficult unless you can have the power of patience and the power of taking profits gradually. This way: - you don't close in profit too early (oh fuck, i mad 200$ but if i had kept i could had made 2,000$) - you do take profits along the way ensuring you make something (best trading habit) -...
Copper price continues to form bullish waves to settle above 3.6400 and confirm the preparation of recording new targets in the near term and medium term basis, expecting to crawl positively towards 3.73 followed by attempting to press on the next barrier at 3.7880 to form the next station of the bullish bias. The expected trend: Bullish
There is a direct correlation between the S&P 500 and copper performance and they generally move in the same direction. Copper is much more closely aligned with global growth and demand, so if the global economy is expanding then demand for copper should increase. In other words, if the stock markets correct or crash the price should drop (now at...
CFDs on Copper : Target Price 3.6550
This is our small chart for Copper. As you can see from previous ideas we were able to sell it at a perfect time right on the mega-resistance . That level is a massive barrier that Copper will find great difficulty breaking. The take profits are on our previous charts
In Red of Black senarios mid term is steel growing but in long term lag of e or d happen.
We called it, it happened. Price hit the Mega-Resistance and bounced back down, already down 1,4% today. That was personally my biggest trade in value yesterday and it paid off. Stop losses are now at entry and risk is zero but the potential reward is huge, with several take profit levels in mind. Technical analysis never lies.
We take profit gradually, always. Find on the chart our first 3 take profit levels ps. it takes 1 take profit level for us to secure some profit and then have the stop loss at zero (entry) to secure a guaranteed profit. Try to do the same and your trading will become better. 💌
We have been waiting for this alarm notification (i guess you know that tradingview can send you alarm notifications) for over a month now. Well here we go: Time for us to sell Copper now
Please like and share if you appreciate this Elliott wave update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets are updated on Monday, Tuesday, Wednesday and...
copper- approaching a major resistance level (the ALL TIME RESISTANCE LEVEL) We will start opening some short positions here today but carefully because it still has room to rise another 2,5% before dropping massively
COMEX_MINI:QC1! Like the title says; SELL it - SHORT! Regarding Wall Street's conviction, the "check mark shaped recovery" and other tall tales ... .... this is the summary post. ... and here is their "Copper delusion" Let's try Reality! ... ... Shall we?! The original Gold / Copper Ratio post
HGCOPPER - BUY - 4H Support Buy @ Current/Market Stop Loss @ 3.04211 Take Profit @ 3.19432 ------------------------------------------------------------------------------------ 🔺 Disclaimer! The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment...