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.
- Wyckoff accumulation in up-sloping channel complete - Looking for a 1 deviation extension into Year-Open - Year-Open = GAP = Imbalance = 4.5000
Set up your SL and rule yourself following our discipline. Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. 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. My trading strategy is Price Auction - PA using Price...
Massive daily green candle broke out of 3-month pennant and gaussian channel after bouncing off multiple moving averages, most importantly the 200 week SMA. The move also has the highest volume since March. Long RSI trend has been broken too. Back in July, I called for a bottom and an accumulation phase for copper (See Below). It played out. Price needs to take...
This is what my training program teaches this week. Using my Price Auction to plan and trade whatever you want to trading on the chart world. Copper is giving a very strong sign to turn around going up, but set up your SL and rule yourself following our discipline. Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with...
Copper broke down trend yesterday and it is a double bottom pattern. If it manages today above ma line. I will buy.
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...
The Copper is one of my favourite items to trade. Let's see how its correction is built up on a daily chart and good for a swing trading. Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we...
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.
Copper is stronger than gold for the moment. Rising volume on rising ratio...gold falling has done this, copper holding its own against the dollar. More systemic problems and this ratio would fail the trend line. Falling interest rates would likely make gold surge not so much for copper if it is a negative economic event. If the event precipitates the falling...
LTF reversal imo. If it holds the low then this would be a nice Long scalp as i can see far more downside end of this year for Copper purely based on TA. Seeing Copper not doing so well as an 'inflation' hedge it would make me think we have been in a Recession this entire time, and by the time FED are done hiking rates, most would think Recession starts but it...
Hi there Copper is setting up for crash watch for sharp breakdown and look for sharp sell off. Good Luck
Hi there, Copper is ready to breakdown for the next leg, Watch for breakdown and look for short, Good Luck
Copper rallied off 61.8% Fibo retrace key level but looks like it will fail and continue lower. A lot of weakness in emerging markets with strong $USD.
Copper is in downtrend from the high of March-07-2022, as per elliott wave analysis the copper seems to be in (corrective) 4th wave. If my analysis and wave counts holds good, then the 4th wave should end below the low of wave 1 which is "4.0346". The 4th wave should clearly show the ABC corrective pattern. The trade idea is to SHORT COPPER in the 5th wave, there...
A price action below 3.60 supports a bearish trend direction. Crossing above this level will negate the bearish stance. Further bearish trend support below 3.50. Consolidation price range from 3.45 to 3.55. Crossing below the 3.45 support might target 3.35. Crossing above the 3.55 resistance might be the first sign of pending strength.