- the lines are dropping
- the cones are closing
- a final decisive battle commenced
- fix your belt tight - this might be very interesting and adrenaline inducing globally
A line might be good bye.
B line must hold for a bull.
- the economic downturn is clear and copper is not somehow not required anymore
- i guess we use gold for electric engines and other smart equipment which can power our civilization forward... considering the price of gold i am sure about this
Thoughts ? :)
Short term:
- Bullish: Morning Star (Bullish reversal 78% of the time)
- Bearish: Confirmation from RSI
Long term:
Bearish: Wait for a break of the Neckline with confirmation. Target -30%
- this may be filled as a new RSI analysis technique: Weekly RSI40 holds - Daly RSI40 Crossed
- we are approaching the limits of the fence - prep your parachute - we are on 100th floor :)
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY..
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. ...
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or ...
After seeing a beautiful teacup/ cup and handle formation, I'm expecting a long position on copper. On the daily chart yesterday (8/20) copper had a bullish push. Entered a long position, and will be holding a swing trade.
Sl- 2.4357
Tp1- 2.7852
Tp2- 2.9895
Tp3- 3.3093
Those are my projections. My entry was at 2.7151
Copper is an essential industrial metal used worldwide. Copper prices are followed in financial markets around the globe and the metal is growing in popularity. Copper is widely used in construction and because of its electrical properties is found in wires and circuit boards. Copper is mined in open mines around the world, with Chile and the United States leading in overall copper production. The demand for copper is increasing as countries such as China and India continue to develop, while the supply remains tight. The growing demand and constrained supply is likely to keep copper prices volatile in the near future. Copper prices are commonly quoted in USD.
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