Friends,
Last February 01st, our predictive analysis and forecasting offered a potential price action, seeing first TG-1 = 3.158 as a potential support, then 3.288 as resistance, and finally, eyeing 2.999 as an abysmal low-target, defined as "TG-Low = 2.999 - 01 FEB 2014.
What ensued was nothing shorter than a perfect adherence to the anticipated price action -...
Friends,
On February 01st, we released a target, namely: "TG-Low = 2.999 - 01 FEB 2014", setting our sight on a low target area following a probable reversal at 3.288.
This scenario played out quite well, and as of today, our proprietary forecasting strategy is signaling a bearish reversal confirmation of that early predictive analysis.
OVERALL:
Bearish...
Friends,
On February 01st, we posted a bearish target at 2.999 with a cautionary note that this DAILY copper chart will likely print a relief rally to the structure dwelling at 3.288 above.
Since that cautionary remark, price has indeed moved 8 incremental candles towards that target, with a shallow respite, which basic pattern traders might possible grab as a...
SIGNAL RATIONALE: Market converted to bearish strength
DIRECTIONAL BIAS: Neutral to Bearish
PENDING EVENT: Bearish market reversal confirmation will convert "Neutral" to "Short"
TARGET: TG-1 = 2.999
PATTERN(S): Shark > 5-0 > Great White
Chart describes one price action among an infinite possibilities. 4xQuad draws the pathway to highlight potential areas of...
As just indicated and detailed on 4xQuad.com, the outlook remains bullish.
For greater detail and a review of the forecast we did on this metal, see the predictive analysis just released on www.4xQuad.com (where the original forecast was released to the public).
OVERALL:
Bullish outlook
Cheers,
David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
All indicators are bullish.
Price has closed above H4 fractal and above long term structural support and resistance at 3.389
This price area is also the 1.272 extension of the AB leg.
Next target is the 1.618 extension at 3.429 which is a confluence of Monthly R3 Pivot resistance, weekly R2 Pivot resistance.
C has not retraced to .618 of the AB leg, which...
$Copper - Chart Update/TECH-NOTE: Neutral-to-Strong Bullish Bias | #copper #gold #silver #technicalanalysis
Since our last predictive analysis, the retracement did not occur at the anticipated depth, but the rally did stall at the forecast level = 3.388.
BULLISH SCENARIO:
At this point, we remain bullish in the longer-term, although an interim bearish push-back...
Looking at Copper Weekly Chart, It seems that a Possible Bearish Deep Crab is forming with Potential Reversal Zone at 3.688. Ichimoku is showing a Bullish sentiment for Copper.
harmonic-ichimokutrader.blogspot.com
We could see that copper is possibly forming bearish bat. RSI just crossed its 50% level and price itself is now approaching critical level created by pattern's B point at 3.388. If this point will be breached we can see price going up to D point of ideal bearish bat at 3.699. So going long after some pullback, with 3.699 as target would be trade oppty (in couple...
At the beginning of the month, 4xQuad produced its first target ("TG-1) for its metal subscribers, setting its sight on TG-1 = 3.510.
Yesterday, an extended signal emerged setting a loftier secondary target at TG-2 = 3.631.
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Students, note the following technical events:
1 - Market conversion to the...
ABCD Pattern - Divergence on RSI and Momentum on the H1
A tighter stop could be employed if desired, but copper can be volatile particular CFD given its a synthetic of the physical
