Pair : Copper - CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " 12345 " Impulsive Waves and making its " A " Corrective Wave. We have LL - LH and Break of Structure
Copper CFD @ Daily TF
Story: Printing Bullish Trend and a Bearish Rising Wedge
Anticipation: Can Breakout below the last HL
Plan: Sell stop below the last HL, SL at the last HH
Copper is in continuous ascend mode this past few days / weeks after touching an important major order block at 61.8 FIB levels. Since then, significant net accumulation has been registered on a daily basis.
Expect some generous price growth from the current price range. A seed from here is ideal while it's still in a slow roll ascend -- but not for...
An update for my last copper theory based off trade pattern
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a...
Copper may continue to move lower over the next week
It seems that the volatility of the price of gold is affecting the price of all metals.
If we take a long-term view, we can see that all metals have started a downtrend.
There is a high possibility that Copper will also decrease more in the following weeks.
From a technical perspective, the price has just...
Pair : Copper - CU
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame , Rejection from Lower Trend Line. Completed " 12345 " Impulsive Waves at Daily Resistance Level and making its " A " Corrective Wave. Break of Structure
Hello investors, here is my trading idea for copper on a weekly basis.
Profit taking is marked in the black lines, SL is marked in red.
The ideal entry point is 3.81-3.80. If the price falls below 3.80, the price development will be different, but SL will still be active.
Good LUCK @ ALL
Weekly chart, Aluminum is showing negative indicators RSI and MACD. It seems the price is testing down the support line, then -may be- the historical support line.
Below that level, price can easily go to 1595 and 1568
Above resistance, the target is 2692
Show me $4.50/lb copper. I'm ready for it.
A bull run could top far higher than that too. I think $4.50 is a very conservative speculation.
DYOR. I go strictly by the charts.
Pair : Copper CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line. Rising Wedge as an Corrective Pattern in Short Time Frame with Strong Divergence and Break of Structure
Entry Precaution :
Wait for Rejection or Breakout
CAPITALCOM:COPPER chart mapping/analysis.
Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk..
Trading scenarios into EOY:
Prelim trading range = ~3.93 - ~3.73.
Under bearish pressure from 38.2% Fib rejections.
Bullish reaction to China/macro economic news =...
Long term trade opportunity. If this week after the CPI announcement the candle remains bullish with a high volume and a close price closer to the high of the candle, then the probability of having an all-time high in Copper is very high because it is a very bullish seasonal trend in December, January consolidation, and February and March very bullish price again...
If the range of 3,750 units is broken downwards and the price stabilizes below it, the price may fall to the range of 3,700 units, and in case of strength, the range of 3,650 units
Otherwise, the possibility of price increase up to the range of 3,820 units
Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves at Daily Demand Zone. Its Rejecting from the Resistance Level to make its Impulse Again. Rising Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Lower Trend Line
Entry Precautions :
Wait for the Proper Retracement
Hi there,
Copper has resumed its bearish cycle after having bullish cycle and record inflation.
Copper is leading us that economy is slowing down significantly.
In coming months inflation will fall back below 4 percent.
Deflationary cycle has already begun.
Good Luck
Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " ABC " Correction in Short Time Frame. Making Impulse in Short Time Frame and " C " Correction in Long Time Frame. We have Falling Wedge as an Corrective Pattern in Short Time Frame.
Entry Precautions :
Wait for the Breakout or Rejection of UTL
