Copper Supply Zone
Trading In the Zone!
A copper supply zone in trading refers to a price level or area on a chart where there is a significant concentration of selling pressure, leading to a potential reversal or pause in an upward trend. This concept is commonly used in technical analysis, particularly in supply and demand trading strategies.
Key Characteristics of a Copper Supply Zone:
Price Rejection: The zone is identified by previous price action where the price of copper reversed or stalled after reaching a certain level.
High Volume: The zone often coincides with high trading volume, indicating strong selling interest.
A copper supply zone in trading refers to a price level or area on a chart where there is a significant concentration of selling pressure, leading to a potential reversal or pause in an upward trend. This concept is commonly used in technical analysis, particularly in supply and demand trading strategies.
Key Characteristics of a Copper Supply Zone:
Price Rejection: The zone is identified by previous price action where the price of copper reversed or stalled after reaching a certain level.
High Volume: The zone often coincides with high trading volume, indicating strong selling interest.
Checkout -> t.me/+RxMJZ-xOGy02MjBl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout -> t.me/+RxMJZ-xOGy02MjBl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.