Copper is in Bullish Trend. It is printing Higher Highs and Higher Lows.
Hello investors, my idea about copper. TP in the respective zones are marked.
Doctor Copper: Impulsive downward wave. followed by recovery. Upward sloping trendline is broken which increases the odds of further downside. Eventually targetting covid19 lows
Hi everybody if it reaches 3.78 we will short copper for big recession sell off coming . Goooooood Luuuuuuck
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
we have analyze the very bullish patter in forming in cu .in coming years cu can break the twice the current price.a long swing can be taken looking the monthly candle and s&r compulsory. trend is your friend . note - not for intraday or scalping. it is for long term accumulation and knowing about the actual trend in coming years
The commodity has been in a corrective phase well from the beginning of 2023 which now seems to be coming to an end. This could mean new 52 week high for the commodity by early 2024. in terms of Elliot wave structure the stock is currently in wave ii of wave 3. The up move to be looking forward to would be the wave-iii-3 which could well take the commodity price...
Copper short from this 1W level, refined to 1D and 4H. Should work out.
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
Just a thought: if copper behaves as it has before, we could see it at $7-$8 per pound.
opper speculative view weekly on the way to tests major area since first time it was there abou at 2006, it looks bearish like a huge inverted cup&hundle on weekley but to me it looks more like a retests of the support and in strange feeling im leaning that it will folow orange juice and coffe basicly the food and metals are getting more expensive in the world...
Pair : Copper - CU Description : Falling Wedge as an Corrective Pattern in Long Time Frame and Breakout the Upper Trend Line and making its Retracement in a Corrective Pattern " Bearish Channel " in Short Time Frame. Completed Impulse and Correction " ABC " Entry Precautions : Wait until it Breaks and Retest UTL
copper speculative view weekly tests major support area .it looks bearish and kinda on the way to create a descending triangle on weekley but could be retest of the support since 01.2021 all theory will be demolished if price close and retest under 3.54941$ area look for short if close and rejects 3.54941 area look for long if close and holds 3.63642...
price closing above this level 3.58910 levels than good move seen in copper
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...
Hi There, Copper is struggling to push more higher after discourging economy data. Global growth is slowing down significantly. Copper will keep losing its value for more downside. Drope may not be as sharp as we have seen previousely. Good Luck