Pair : Copper - CU Description : Completed " 1234 " Impulsive Wave at Lower Trend Line of the Corrective Pattern Bullish Channel in Short Time Frame and it will Complete its " 5th " Corrective Wave at Demand Zone or Daily Descending Trend Line at Fibonacci Level - 61.80% Entry Precaution : Wait until it complete its " 5th " Corrective Wave and Reject
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
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...
FCX has formed and confirmed the break down of a Diamond Top pattern and looks to be preparing to come down to around $14, which would align with the 0.786 Fibonacci Retrace. I suspect many other mining stocks will also go down pretty significantly with this.
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
I have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form. They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.
As London Metals Exchange Week 2023 wraps up, we summarise some of the key observations for the state of the base metals in 2023 and what are likely to drivers for the markets going into 2024. Better than the macro data would indicate Despite the challenging macroeconomic backdrop especially in China, metal demand is holding up fairly well. Demand indicators...
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...
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...
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?
BEAR FLAG? The target would make a trendline from our two major demand destroying events 08 & Covid Crash Listen to Dr. Copper when he speaks
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...
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
Imperial Metals five wave decline into time and price target zone with reaction to the upside . They operate two mines in BC and have a third on standby . Also, several exploration properties . Recent drill results are positive . Price targets are on the chart . imperialmetals.com
TRADE DIRECTION: LONG Price broke and closed above the Short-Term Trendline (red line). Before that, there were many candlesticks with long lower wicks (yellow eclipses) and bullish reversal candles (green arrows) formed around the lower line of the Parallel Channel (green dashed line), indicating buyers had started to accumulate long positions and sellers took...