This analysis allows us to see the two scenarios of buying and selling, as well as the need to wait for a confirmation in shorter time frames in order to enter the market confirmed.
Copper prices may remain under pressure in the coming months due to investors' apprehension about China's growth prospects in the wake of the 20th National Congress of the Chinese Communist Party, which disappointed the market. Since September, copper prices have fluctuated within a relatively narrow range (3.2-3.6) after the earlier sharp declines occurred this...
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...
COPPER (HG1!) has been trading within a Channel Down ever since the March 07 High caused of the Russia - Ukraine war escalation. Right now the price isn't just approaching the Channel's Lower Lows trend-line (bottom) but also the March 04 2021 Low of 3.8500. With the RSI dropping below the oversold 30.00 barrier on the 1D time-frame and making a Double Bottom. the...
Copper opens the week on a bearish note, slips below 110-week EMA Technical indicators are biased lower. Stochs and RSI show bearish momentum.
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.
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.
Investors looking for value long-term better have a look at Copper, which has been consolidating ever since its May 2021 All Time High (ATH). The 1W MA50 (blue trend-line) has been supporting all this time, indicating that the market has found a new long-term demand zone where buyers step in. The last time a similar demand level on the 1W MA50 took place was...
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 Short Setup 🔵 Entry Level: $ $4.2785 🟢 Take Profit: $ $4.2085 ⛔ Stop Loss: $ $4.3050
Pattern: Channel Up on 1D. Signal: Buy as the price is rebounding on the Higher Lows (bottom) trend-line of the Channel Up while the MACD just formed a Bullish Cross. Target: 4.980 (the 1.236 Fibonacci extension). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your...
This is COPPER on the 1W time-frame. I've made this idea to show to long-term investors why the metal is currently on the most optimal buy levels ahead of a two-year rally. As you see, the price has been rising since the August pull-back. Not only is it posting a recovery but the August low happened almost on the 1W MA50 (blue trend-line), which has been the...
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...
Pattern: Fibonacci Channel on 1D. Signal: Buy as the price rebounded on the 1D MA50. Target: The 1.5 Fibonacci extension level (low-risk) or the 2.0 Fibonacci level (high-risk). Previous COPPER signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
This is a (very) long-term SHORT! The long-term picture - the Monthly;
Copper Short Setup 🔵 Entry: 4.0263 🟢 TP & RR: $3.8877 (1.89) ⛔ Stop Loss: $4.0996 Trade Reasons: ✔️ Position in direction of the trend ✔️ Price reversed at the upper diagonal trend line