Hi there. Price is moving impulsively to the downside. Wait for the price to complete the continuation pattern that its forming and watch strong price action action for sell.
4H Vision Explanation: - Price broke the Descending Trendline and started an up move. - It has potential to go up towards the Major Resistance Zone at 2,96767, being careful with the Middle Support Zones. - However, the Bearish Divergence on MACD could be anticipating a Pullback to the broken Resistance Zone that is now a Support Zone. We are also long in our...
OANDA:XCUUSD Feeling a short opportunity for XCU this week. Currently we have ended last week below the ascending trendline and broke out of consolidative wedge forcing us to go below. I will stick pending orders just below the trendline that has broken in anticipation for a retest of that break to then go back down. I have set 3 take profit target levels for...
Those who have been following the Portfolio we are building on Tradingview will know where we are in the current Gold move (see attached ideas as we are not going to cover this here). The upside in Dollar is here till Summer meaning we have a sharp leg to the downside in play for Copper. Gold has already moved first, and here expecting copper to start moving as...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
When you see copper goes you should see major moves in the stock market as well. After hearing Harry Dent speaking about the Dark Window, which occurs every 90 years, I’m starting to look at things in a little different way. Instead of a market crash we could see commodities and stock market rallying to all time high and the dollar weakening, hence gold rising as...
Hi there. Price is still in the continuation pattern to go up. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
This is the spot XCU can go up from. If it breaks the last low I might look at it differently. It would need to make a correction to confirm a sell as far as I can see from the pattern.
Copper (XCUUSD) is trading within a 1D Channel Down (Highs/Lows = -0.0144, B/BP = -0.0590) after having made a Double Top at 2.8400 (late Sep, early Oct). If the previous 2.6887 Lower Low and 1D support is crossed then HG1! should make a new 2.6600 Lower Low and attempt a break out. Otherwise the Channel Down will make a new Lower High near 2.7800 before it...
Copper looking good for Long entry on Weekly DZ area. 2.88 - 2.96
Copper is trading sideways for more than a month now within a 2.5400 - 2.7350 Rectangle on 1D (RSI = 56.012, MACD = 0.000) and the High Volatility (ATR = 0.0544) ensures the preservation of this neutral action. As seen the price has just been rejected on the Resistance, so we are now short aiming at 2.565.
ABCD pattern and Trend Analysis confirms short position
Short till first support and then trade as per the reaction on the support. Correlate with chart
- Breaking downtrend (purple line) - I am a buyer at confirmed breakout of first Retracement level (yellow line) - Volume Profile suggest we could see the price move from current levels to 2.83 and even 2.9 with little resistance (according to 1D volume profile) - This kind of attempted breakout, seems to common amongst the commodities complex. Counters: - as...
Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current...
The correction phase is over and i think we will start the long movement now (See the previous chart for the analysis) Best of luck
Wait for another pullback and go short :)