Copper ready to popCopper after huge accumulation is ready to pop up, may be to retest ATH.Longby phingage112
nice breakout on copper !breaking top trend resistance, should be back to new highs by mid 2022 in my opinion ! look for a retest of the pink line it just broke recently. good luck traders ! :)Longby Vibranium_Capital14
Copper bit of a bear marketHello, I see copper is in a bear market and a leg down could happen. Not going to provide a full in depth analysis. Here is a quick overview of this industrial commodity. Here is the 30Y chart compared to gold you should notice a few things: Copper could drop to 3.5-3.85. 3.85 is an extension of 1, 3.5 or 1.618. Those extensions are really very common. Gold bear market extended to 1.618 (for now): Copper, assuming this is a bear market, is no stranger to 1.618: The price extends 1 to 2 all the time. Sometimes it does more than "correct" it makes a whole downtrend. But it rarely does so (ever) without big retracements first. The old saying goes "don't trade corrections". Here this is something that repeats itself often so... And in the short term there are nice enough trends. I think trade corrections, but only if you are skilled. Newbies that struggle in 3 year straight line trends... Well of course they best stay away. As long as you have strong hands but don't overstay either, it should work out in the long run. The inflation trade is sleeping. Ah lumber has dropped so much. Too many people noticed it so they cut half the planet's trees. It dropped so much. And it had gone up so much. So much actually, that gamblers got caught up in lumber ponzis. I don't see the US going hyperinflation or even 15% a year. But people could buy commodities. In the short - medium term. Better something that returns 0 rather than say a -8% return. Disclaimer: I am long Soybeans and short Copper. To look for in the following days (to my knowledge): - China plans to release the state supply - China plans to monitor (translation: manipulate) the market - The US plans to "monitor" their economy (FED easing) - China industry has shown signs of slowing down Remember China buys half of the world Copper production (I think). China had bad numbers in particular their industrial production dropped hard. And As George Soros said, Housing Sector aïe aïe aïe. Since they learned, to their surprise (somehow) they had a 1 child policy, well there is no need for houses now is there? China doesn't take migrants either. And the rural exodus has slowed down. Economy contracts, demand goes down. Whole world contracts. China and the EU follow Japan. The US follows the EU. No reason for copper to go up. Supply is big an growing. Demand has no reason to grow. Only reason for the price to go up is inflation. For now the USD goes up as silly as it seems. Boomers worldwide all want to be safe. Safe with the greatest ponzi scheme in history. Shortby MrRenevUpdated 664
Copper Down Market down for chat pattern bear pattern on 15min candle chart I think market goes down for 3 to 6 point this is my only opinion and yoursShortby santosh9Updated 0
New trading strategy upgrade - CopperHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Good luck guys.Longby QQGuo-Shane2
✅COPPER BULLISH PENNAT|LONG🚀 ✅COPPER has retested an important price level And is now consolidating below it In a bullish pennant pattern I am bullish on the metal As the transition to the "Green" economy With EV's and Wind Turbines will require massive Amounts of this commodity, so I am waiting for a breakout And then will be expecting a bullish wave With the first target being the recent high But I am sure the price will go much higher still LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx101013
Copperlooks like the divergent high has burnt off the excess energy and coiling, trying to move up in a weekly downtrend. Depends on the dollar and stimulus bill of multi trillion. Govt wants to install ev charging stations thruought usa. Lots of copper and electric cars so there is good reason for the push.by hillbilly2500
MCX Copper Shortmarket over heat .Right time to short your position every market lose own control for bull ..this time is copper This is My Opinion and your's ?Shortby santosh90
Copper Double zigzag within wave 4. Wave X assumption here is a triangle. Wave Y to head down as zigzag abc. Invalidation of the triangle in wave X is wave e top. GOODLUCK!Shortby VitalDirection3
HG (COPPER) DAILY -- OUTLOOKThis metal has been in corrective mode for nearly five months and formed a triangle pattern. This triangle formation is up to reach its climax and an impulse journey is ahead to start. cheers... DISCLAIMER: This publish is just an outlook and purely meant for educational purpose. This is not a financial advisory since trading involves huge risk, so trade with proper money management and expert advise.. Longby tradesoutlook0
Potential bullish scenarioPrice action just made higher high in descending channel. If it forms bullish pattern and breaks out, long entry would be great. It may even break that channel. Longby xan5h33Updated 0
It’s time sell because we have a pullback Copper refers to going down again, if you already didn’t sell you can do it with a first confirmation Shortby Soufian_toutouh110
CopperCopper got the memo! SHe's cycling through the bullflag channels on her way north in an IH&S Check that one out @whirlybard ! :)by UnknownUnicorn131728790
HG1! Copper coming in for the bounceIH&S there bouncing off the bottom of a channel. YEAH it's an excursion from the channel, that's ok! The head was too. Look at the RSI70! AND UP WE GO! by UnknownUnicorn131728790
Copper prices eye key support to resume downtrendCopper prices are recoiling from confluent resistance at 4.4620. This is marked by the underside of two recently-broken uptrend supports, the upper bound of a seven-month price congestion zone, and a downward-sloping trendline emanating from the May 10 high. A daily close under swing-low support at 4.2060 may act to confirm downtrend resumption, initially setting the stage for a test below the 4.00 figure. by IlyaSpivak1
BUYSupport line, Forming inverse head & shoulders. Expect move up to resistance . Longby orimichaeli0
New trading strategy upgrade - Coppercorrection then go up to a daily resistant level. still have buy opportunities! Longby QQGuo-Shane0
COPPER best time to buy now. 2 year rally ahead.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 markets major Support since the June 2020 bullish break-out. The pattern bears strong resemblance with the 2004 fractal. As you see both Cycles made a Double Bottom, which initiated the rally, a 1W Golden Cross was formed along the way and when the price hit the Resistance of the previous Cycle High, it made the first substantial correction/ pull-back. In both cases, the 1W MA50 held and then a 1 year Channel Up followed supported by the 1W MA50, which eventually paved the way for the final parabolic rally. The RSI sequences are also quite similar. It is obvious the Copper is replicating the previous Bull Cycle and since the 1W MA50 held so emphatically, it is most likely the most optimal level to buy on the long-term. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------Longby TradingShot6640
Copper Wyckoff distribution idea!Hello my beauties. The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards. For all the ones that have taken the trade already, good job! Copper has just entered a phase of distribution and I want to profit from it while it's rangebound. I will be long until the price reaches above the Buying Climax (BC). If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFXLongby TrickleDownFX1
$COPPER Looking for Rally$COPPER has produced an inverse head and shoulders pattern and looks to have tested the neckline. If this pattern plays out, it should see about an 7% rally.Longby dereckcoatney1
HG1! Daily TimeframeSNIPER 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 however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. Longby hadimozayanUpdated 1