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
opper speculative view
weekly on the way to tests major area since first time it was there abou at 2006, it looks bearish like a huge inverted cup&hundle on weekley
but to me it looks more like a retests of the support
and in strange feeling im leaning that it will folow orange juice and coffe
basicly the food and metals are getting more expensive in the world...
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
copper speculative view
weekly tests major support area .it looks bearish and kinda on the way to create a descending triangle on weekley
but could be retest of the support since 01.2021
all theory will be demolished if price close and retest under 3.54941$ area
look for short if close and rejects 3.54941 area
look for long if close and holds 3.63642...
It seems like the bottom might be in for Copper.
Numbers on the right for entry and stop loss.
To be more conservative you could place the SL below the purple zone but your RR will be lowered.
35% gain with no leverage targeting $4.85.
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
Hello traders, lets take a look at copper which testing an important resistance area and see what can possibly happen and what are the consequences of possible bearish move in other markets like us equities.
first lets talk technical, price overall bearish Daily move in copper formed a standard #head_and_shoulder pattern in form of consolidation in downtrend move...
As a industrial metal
When the economy slows
the price of copper nosedives
as we saw last summer when that neckline was breached
Can we see the same again? sure
But electric cars???
What of Tesla . Rivian, BYD
makes you wonder, hey?
Pair : CU Copper
Description :
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Breakout the Lower Trendline and Completed the Retracement after Impulsive Waves and Correction " wxyxz " , If it Breaks the Lower Trendline of the Correction " Bearish Channel " then sell
Pair : CU - Copper
Description :
Impulse Correction Completed and it will again make its Impulse in a Corrective Pattern Bearish Channel in Short Time Frame. We have Break of Structure if it breaks the Upper Trend Line then Buy and If it Rejects from the Demand Zone then Sell
In the context of technical analysis, when CAPITALCOM:COPPER experiences an uptrend trend line break to the downside, it typically serves as a warning sign for investors that the previous bullish momentum may be waning. Such a break could indicate that the asset is shifting from a bullish to a bearish trend. This is often considered a sell signal or at least a...
