Pair : Copper - CU Description : Completed " 1234 " Impulsive Wave at Lower Trend Line of the Corrective Pattern Bullish Channel in Short Time Frame and it will Complete its " 5th " Corrective Wave at Demand Zone or Daily Descending Trend Line at Fibonacci Level - 61.80% Entry Precaution : Wait until it complete its " 5th " Corrective Wave and Reject
Pair : Copper - CU Description : Completed " 123 " Impulsive Waves and it will make its " 4th " Wave at Fibonacci Level - 38.20% / 50.00%. Rising Wedge as an Corrective Pattern in Short Time Frame and Formed " wxyx " Corrective Wave and will make its " z " wave at Daily Descending Trend Line Entry Precautions : Wait until it Breaks UTL / LTL and Retest
Pair : Copper - CU Description : Falling Wedge as an Corrective Pattern in Long Time Frame and Breakout the Upper Trend Line and making its Retracement in a Corrective Pattern " Bearish Channel " in Short Time Frame. Completed Impulse and Correction " ABC " Entry Precautions : Wait until it Breaks and Retest UTL
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
Copper is technically neutral, as also dipicted by the 1D outlook (RSI = 50.817, MACD = -0.013, ADX = 24.251) inside the HL trendline of the Bullish Megaphone and the LH trendline of the January High. This movement can only offer scalping opportunities. If you want to commit beyond those, buy over the LH and target R2 on the medium term (TP = 4.1950) and sell...
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
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 =...
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 is trading inside a Channel Down pattern that is approaching the bottom of a Rising Megaphone pattern. The price is almost neutral (RSI = 44.491, MACD = -0.036, ADX = 22.406), stuck between the 1D MA50 and 1D MA200. As the RSI is on the S1 Zone as well, the conditions for a longterm buy are pilling up. First we target the Channel Down top (TP = 4.1000) and...
copper price upside move 5 wave copper chart wave 1 upside complete 5 days copper chart wave 2 downside complete 3 days
Copper prices are at risk of moving lower as an inverted handle takes shape following an inverted cup. The Inverse Cup and Handle pattern is an inherently bearish formation. A break below handle support would threaten the 3 psychological level.
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...
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.
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: 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
Copper Short Setup 🔵 Entry: $4.327 🟢 TP & RR: $4.140 (2.02) ⛔ Stop Loss: $4.420 Trade Reasons: ✔️ 1.618 Fib Level Extension ✔️Market Flow overbought level 📝 Fairly basic setup, trying to capitilize on a potential pullback.