1989 - 2004 experienced years of sideways action then to a final blow off breaking out of pattern onto the next level. This blow off then resulted into a financial crash.
From 2006 (the first top of the '08 crash) to 2023, the market has also been sideways exactly like the past but of course in its own unique way.
Based on analyzing coppers trade pattern it...
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Got a take on...
Copper (HG1!) is trading within a Channel Down pattern since the June 29 low and since 5 days, it entered the 11 month Support Zone. The 1D MACD just formed a Bullish Cross, which has been a buy signal the previous 2 times within the Channel Down.
Every bearish sequence in 2023 has seen a rebound that hit at least the 0.618 Fibonacci retracement level. This is...
The copper price has reached the lower edge of the pink trend channel within the turquoise target zone between $3.59 and $3.51 and has already shown a reaction to this line. Now, a far-reaching rise should occur, beyond the resistance at $4.19. There, the magenta wave (B) should then be finished and it should transition into sustained descents to the green target...
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#1-The Copper Way To COMEX.
Copper seems to be following a certain strategy to the downtrend.
#2-The Secret To Copper Is Simply 50 EMA.
When you look at the trend-following indicator you begin
to understand what exactly is happening
#3-The EMA Way To Copper!
Following the trend is one of the key factors of this strategy.
#4-Need More Copper?
Copper seems...
Bouncing from 4 month support area 690 levels if manages to close above 690 for next 5-6 session can see strong pull back rally towards 720-740 levels. View fails on losing below 690.
Sorry been out the whole month looking for my kids. Anyway this one will bring my family back. HG(copper) qualitative analysis.
Reasoning. Northern henpishphere most industrialized hemisphere looking to re stockpile copper for construction for the winter. As the building season winds down stockpiles are depleted. With all the new gov funding ARPA/BIL act...
- if price breaks down thru 3.59, the way down to 3.40 will be opened
- at this level Gartley D-point sits aligned with Fib Ext 0.5
- a bit lower, at 3.30 there is support created by top from June 2018
- if the overall situation in China improves and demand for copper may grow, this cluster could be a good entry point for LONG. Till then SHORT
double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may become a new uptrend). The...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Fundamental Analysis:
as of now we can see the global inflation has rise sky rocket and the worlds economy is in a huge bobble which soon will explode and a catastrophic crisis may occur, ultimately most of the manufacturing and development plants which are dependent on the base commodities such as Copper and gold may face some market crises and demand may...
Will be looking at long positions for instrument for the following reason.
• It is approaching a point of Major support in the ranging pattern looking back 3 months.
• This is a long-term long swing for me looking forward at least 2-3 months, but it might happen sooner with the recent volatility in the market.
• Looking to catch a long trade of the rejection from...
The price of copper is now falling further and further after initially rising on Thursday. This development is in line with our primary scenario as we expect the low of the magenta wave (x) to be a bit lower in the turquoise target zone between $3.59 and $3.51. Only when it's placed, the price can rise above the resistance at $4.19 and build wave (B) in magenta. A...
hello all
My plan is to buy copper until the resistance level is reached.
*I have no intention of using my trading approach as a signal. I'm practicing my trading strategies, learning about market dynamics, and figuring out the best way to enter the market in the right direction.
![COPPER1!: [Commodity] Copper Buy Idea](https://s3.tradingview.com/v/Vzjcd9R0_mid.png "[Commodity] Copper Buy Idea")
